NY Fed Dumps Examiner's Suit Over Goldman Report Firing

Law360, Los Angeles (April 24, 2014, 4:29 PM EDT) -- A New York federal judge dismissed an ex-Federal Reserve Bank of New York employee's suit alleging she was fired for not changing a report that Goldman Sachs Group Inc. hadn't established compliance with a 2008 Fed letter, finding Wednesday that the suit didn't state a claim.

U.S. District Judge Ronnie Abrams ruled that SR0808 — a U.S. Federal Reserve document that outlines risk management compliance — is an advisory document and not a law, and that former senior bank examiner Carmen M. Segarra therefore didn't qualify...
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