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RESEARCH TRIANGLE v. BOARD OF GOV. OF FED. RESERVE

No. 97-1282.

132 F.3d 985 (1997)

RESEARCH TRIANGLE INSTITUTE, Plaintiff-Appellant, v. The BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, consisting of Alan Greenspan in his official capacity as chairman, and Edward W. Kelley, Jr., Lawrence B. Lindsey, Susan M. Phillips and Janet L. Yellen in their capacities as members of the Board of Governors; United States of America, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided December 29, 1997.

Attorney(s) appearing for the Case

ARGUED: Robinson Oscar Everett, Everett & Everett, Durham, NC, for Appellant. Bradford Scott Fleetwood, Senior Attorney, Washington, DC, for Appellee Board of Governors; Gill Paul Beck, Assistant United States Attorney, Greensboro, NC, for Appellee United States. ON BRIEF: Sandra G. Herring, Everett & Everett, Durham, NC, for Appellant. James V. Mattingly, Jr., General Counsel, Richard M. Ashton, Associate General Counsel, Katherine H. Wheatley, Assistant General Counsel, Washington, DC, for Appellee Board of Governors; Walter C. Holton, Jr., United States Attorney, Greensboro, NC, for Appellee United States.

Before RUSSELL, NIEMEYER, and WILLIAMS, Circuit Judges.

Affirmed by published opinion. Judge RUSSELL wrote the opinion, in which Judge NIEMEYER and Judge WILLIAMS joined.

OPINION

DONALD S. RUSSELL, Circuit Judge:

This appeal presents a single question of law: whether the Board of Governors of the United States Federal Reserve System (the "Board") can be sued in contract in federal court. The district court found that the doctrine of sovereign immunity shielded the Board from contract suits in federal...

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