US Slams States' Dodd-Frank Challenge

Law360, New York (February 25, 2013, 4:50 PM EST) -- The U.S. government asked a Washington federal judge Friday to toss a suit brought by 11 states challenging the constitutionality of multiple provisions of the Dodd-Frank Act, arguing the plaintiffs lack standing and are suing over “conjectural” injuries.

Government attorneys told the court that the plaintiffs — which also include a community bank and two advocacy organization — lack standing to pursue the case because they have not yet been harmed by any of Dodd-Frank’s reforms.

“Not one of the statutorily authorized actions that plaintiffs speculate...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.