Annual Report 2009

Litigation

During 2009, the Board of Governors was a party in ten lawsuits or appeals filed that year and in seven other cases pending from previous years, for a total of seventeen cases. In 2008, the Board had been a party in a total of eleven cases. As of December 31, 2009, ten cases were pending.

Gold Anti-Trust Action Committee, Inc., v. Board of Governors, No. 09-2436 (D. District of Columbia, filed December 30, 2009), is a Freedom of Information Act case.

Judicial Watch, Inc. v. Board of Governors, No. 09-2138 (D. District of Columbia, filed November 13, 2009), is a Freedom of Information Act case.

Citizens for Responsibility and Ethics in Washington v. Board of Governors, No. 09-2113 (D. District of Columbia, filed November 10, 2009), is a Freedom of Information Act case.

McKinley v. Board of Governors, No. 09-1263 (D. District of Columbia, filed July 8, 2009), is a Freedom of Information Act case.

Odoski v. Bernanke, No. 09-cv-718 (W.D. Pennsylvania, filed June 5, 2009), was an employment discrimination case. On December 29, 2009, the district court dismissed the action.

Citizens for Responsibility and Ethics in Washington v. Board of Governors, No. 09-663 (D. District of Columbia, filed April 16, 2009), was a Freedom of Information Act case. On November 19, 2009, the district court granted the Board's motion for summary judgment.

The New York Times Company v. Board of Governors, No. 09-2645 (S.D. New York, filed March 23, 2009), was a Freedom of Information Act case. The court dismissed the case on the parties' motion on November 30, 2009.

Freedom Watch, Inc., v. Board of Governors, No. 09-331 (D. District of Columbia, filed February 19, 2009), was a Freedom of Information Act case. The district court granted the Board's motion to dismiss the action on August 12, 2009.

Barlow v. Federal Reserve System, No. 09-177 (D. District of Columbia, filed February 25, 2009), was an action for writ of mandamus regarding a student loan. On September 1, 2009, the district court dismissed the case.

Fox News Network v. Board of Governors, No. 09-272 (S.D. New York, filed January 13, 2009), is a Freedom of Information Act case. On July 30, 2009, the district court granted the Board's motion for summary judgment (639 F. Supp. 2d 84). The plaintiff's appeal to the Second Circuit (09-3795, filed September 11, 2009) is pending.

Murray v. Board of Governors, No. 08-cv-15147 (E.D. Michigan, filed December 15, 2008), is a challenge to the constitutionality of federal expenditures relating to American International Group (AIG).

Bumgarner v. Paulson, Bernanke, et al., No. 08-cv-5245 (D. New Jersey, amended complaint filed November 21, 2008), was a challenge to the implementation of the Economic Emergency Stabilization Act of 2008. On August 10, 2009, the district court dismissed the action.

Bloomberg, L.P. v. Board of Governors, No. 08-cv-9595 (S.D. New York, filed November 7, 2008), is a Freedom of Information Act case. On August 4, 2009, the district court granted the plaintiff's motion for summary judgment (649 F. Supp. 2d 262). The Board's appeal to the Second Circuit (09-4083, filed October 1, 2009) is pending.

Schulz v. United States Federal Reserve System, No. 1:08-cv-991 (N.D. New York, filed September 18, 2008), is an action relating to the Federal Reserve's loan to American International Group. On September 25, 2008, the district court denied plaintiff's request for a temporary restraining order and preliminary injunction. On September 30, 2008, the plaintiff appealed the district court's order to the United States Court of Appeals for the Second Circuit (No. 08-4810).

Jones v. Greenspan, No. 04-1696 (D. District of Columbia, filed October 4, 2004), is an employment discrimination case. On March 10, 2008, the district court granted the Board's motion and dismissed the plaintiff's claims. On the plaintiff's appeal (No. 08-5092, filed April 21, 2008), the District of Columbia Circuit affirmed in part and reversed in part, and remanded the action to the district court. 557 F.3d 670.

Chandler v. Bernanke, No. 06-2082 (D. District of Columbia, filed December 6, 2006), was an employment discrimination action. On September 21, 2009, the case was dismissed on the parties' stipulation.

Artis v. Greenspan, No. 09-5121 (District of Columbia Circuit, filed April 9, 2009), is an appeal from the district court's dismissal of the plaintiffs' employment discrimination claim (474 F. Supp. 2d 16 (January 31, 2007)) and subsequent denial of the plaintiffs' motion to alter or amend judgment (256 F.R.D. 4 (March 2, 2009)).

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