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FOX NEWS NETWORK, LLC v. BOARD OF GOVERNORS

No. 09 Civ. 272 (AKH).

639 F.Supp.2d 384 (2009)

FOX NEWS NETWORK, LLC, Plaintiff, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Defendant.

United States District Court, S.D. New York.

July 30, 2009.

Attorney(s) appearing for the Case

Steven Glen Mintz, Terence William McCormick, Paul Ostensen, Mintz & Gold LLP, New York City, NY, for Plaintiff.

Yvonne Facchina Mizusawa, Board of Governors of the Federal Reserve System, Washington, DC, for Defendant.

OPINION AND ORDER SUBSTANTIALLY GRANTING DEFENDANT'S MOTION FOR SUMMARY JUDGMENT AND DENYING PLAINTIFF'S MOTION FOR SUMMARY JUDGMENT

ALVIN K. HELLERSTEIN, District Judge:

In the summer of 2007, responding to a weakening national economy, the Board of Governors of the Federal Reserve System ("the Board") took steps to provide much-needed liquidity to American companies in search of funds. One major step was to authorize the regional Federal Reserve...

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