High Court Asked To Open Up Fed's Bear Stearns Docs

Law360, Washington (November 15, 2011, 6:35 PM EST) -- A former Federal Deposit Insurance Corp. official asked the U.S. Supreme Court last month to revive his suit seeking to force the Board of Governors of the Federal Reserve System to release records related to the 2008 rescue of Bear Stearns Cos. Inc.

In June, the D.C. Circuit ruled that the information sought by Vern McKinley, who has also worked for the Fed and the Office of Thrift Supervision in addition to the FDIC, fell under exemptions to the Freedom of Information Act. Forcing the Fed...
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