Litigation
During 2017, the Board of Governors was a party in 6 lawsuits or appeals filed that year and was a party in 11 other cases pending from previous years, for a total of 17 cases. In 2016, the Board had been a party in a total of 17 cases. As of December 31, 2017, 13 cases were pending.
Pending
Handy v. Johnson & Johnson, et al., 18-1008 (4th Circuit, notice of appeal filed December 29, 2017), is an appeal of the dismissal of an action arising out of employment at a Federal Reserve Bank.
Baylor v. Yellen, No. 17-cv-02647 (D. District of Columbia, filed December 11, 2017), is an employment discrimination case.
BBX Capital Corporation v. FDIC, No. 17-cv-62317 (S.D. Florida, filed November 22, 2017), is an action relating to golden parachute payments.
Board of Governors v. Afnani, No. 17-cv-00503 (E.D. Virginia, filed May 1, 2017), is a claim for recovery of disability benefits.
The Loan Syndications and Trading Association v. Board of Governors, No. 17-5004 (D.C. Circuit, appeal docketed February 10, 2017), is an appeal of a district court decision (223 F. Supp. 3d 37) upholding the credit risk retention rules issued under Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Mitchell v. Yellen, No. 17-cv-00182 (D. District of Columbia, filed January 27, 2017), is an employment discrimination case.
Center for Popular Democracy v. Board of Governors, No. 16-cv-5829 (E.D. New York, filed October 19, 2016), is an action under the Freedom of Information Act.
Richardson v. Board of Governors, No. 16-cv-867 (D. District of Columbia, filed May 9, 2016), is a case under the Federal Tort Claims Act, Privacy Act, and Freedom of Information Act, among other claims.
Hardy v. Yellen, No. 16-cv-1572 (D. District of Columbia, filed August 2, 2016), is an employment discrimination action.
Burford v. Yellen, No. 15-cv-02074 (D. District of Columbia, filed December 1, 2015), is an employment discrimination claim.
Richardson v. Yellen, No. 14-cv-01673 (D. District of Columbia, filed October 8, 2014), is an employment discrimination claim.
Community Financial Services Association of America, Ltd., v. Board of Governors, No. 14-cv-00853 (D. District of Columbia, filed June 11, 2014), is a challenge to actions of the Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency that allegedly disadvantage payday lenders.
Crisman v. Board of Governors et al., No. 12-cv-1871 (D. District of Columbia, filed November 19, 2012), is a Freedom of Information Act case.
Resolved
Mullins v. Board of Governors et al., No. 16-cv-00046 (W.D. Virginia, filed December 15, 2016), was an action relating to golden parachute payments. On May 17, 2017, the district court dismissed the Board as a party to the action.
Rodriguez v. Bank of America, et al., No. 16-cv-8197 (D. New Jersey, filed November 3, 2016), was an action relating to a mortgage loan foreclosure. On July 20, 2017, the district court dismissed the action.
Haase v. Bank of America, et al., No. 16-cv-1567 (S.D. Texas, filed April 25, 2016, removed to federal court June 3, 2016), was an action against 69 defendants, including individual governors, Federal Reserve Banks, and the Federal Reserve System under the Texas Constitution, among other claims. On February 8, 2017, the court dismissed the action.
WMI Liquidating Trust v. Board of Governors, No. 13-cv-01706 (W.D. Washington, filed September 20, 2013), is an action for a declaratory judgment regarding golden parachute payments. On July 3, 2014, the action was transferred to the United States Bankruptcy Court for the District of Delaware (Adv. Pro. No. 14-50435-MFW (Bankr. D. Del.)). On February 15, 2017, the district court granted the Board's motion to dismiss all claims.