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Litigation
During 2006, the Board of Governors was a party in two lawsuits or appeals filed that year and was a party in five other cases pending from previous years, for a total of seven cases; in 2005, the Board had been a party in a total of thirteen cases. As of December 31, 2006, five cases were pending.
Price v. Bernanke, No. 06-1569 (D.D.C., filed September 8, 2006), is an employment discrimination action.
Texas State Bank v. United States, No. 05-1168 (U.S. Supreme Court, filed March 10, 2006), was an appeal of a decision of the Court of Appeals for the Federal Circuit dismissing an action challenging on constitutional grounds the failure to pay interest on reserve accounts held at Federal Reserve Banks. On June 19, 2006, the Supreme Court denied certiorari. 126 S. Ct. 2889.
Inner City Press/Community on the Move v. Board of Governors, No. 05-6162 (Second Circuit, filed November 21, 2005), is an appeal of the district court's order (No. 04-CV-8337, 380 F. Supp. 2d 211 (S.D.N.Y. 2005)) granting in part and denying in part the Board's motion for summary judgment in a Freedom of Information Act case. On September 11, 2006, the court of appeals affirmed in part and reversed in part the ruling of the district court, and remanded the case. 463 F.3d 239.
Price v. Bernanke, No. 05-5361 (D.C. Circuit, filed September 29, 2005), was an appeal of an order of the district court (No. 04-CV-0973, 374 F. Supp. 2d 177) dismissing an employment discrimination action. On December 15, 2006, the court of appeals affirmed the district court's dismissal. 470 F.3d 384.
Barnes v. Greenspan, No. 04-CV-1989 (CKK) (D.D.C., filed November 15, 2004), is a case under the Age Discrimination in Employment Act.
Jones v. Greenspan, No. 04-CV-1696 (RMU) (D.D.C., filed October 4, 2004), is an employment discrimination action. On December 13, 2005, the district court granted in part and denied in part the Board's motion to dismiss and for summary judgment. 402 F. Supp. 2d 294.
Artis v. Greenspan, No. 01-0400 (D.D.C., filed February 22, 2001), is an employment discrimination action. An identical action, No. 99-2073 (EGS) (D.D.C., filed August 3, 1999), was consolidated with this action on August 15, 2001.