Litigation
During 2018, the Board of Governors was a party in 7 lawsuits or appeals filed that year and was a party in 12 other cases pending from previous years, for a total of 19 cases. In 2017, the Board had been a party in a total of 17 cases. As of December 31, 2018, 7 cases were pending.
Pending
Baylor v. Powell, No. 17-cv-02647 (D. District of Columbia, filed December 11, 2017), is an employment discrimination case.
Burford v. Powell, No. 15-cv-02074 (D. District of Columbia, filed December 1, 2015), 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.
Garrett v. PennyMac Loan Services et al., No. 18-00718 (M.D. Pennsylvania, filed April 11, 2018), is an action arising out of mortgage foreclosure.
Jiampietro v. Board of Governors, No. 18-2806 (2d Circuit, filed September 21, 2018), was a petition for review of a Board order remanding an enforcement action for further proceedings before an administrative law judge. On January 30, 2019, the court of appeals granted the Board's motion to dismiss the petition.
Mitchell v. Powell, No. 17-cv-00182 (D. District of Columbia, filed January 27, 2017), is an employment discrimination case.
Richardson v. Powell, No. 14-cv-01673 (D. District of Columbia, filed October 8, 2014), is an employment discrimination case.
Resolved
Ashton v. Board of Governors, No. 18-1033 (D.C. Circuit, filed January 29, 2018), was a petition for review of final enforcement order. On May 10, 2018, the petition was voluntarily dismissed.
BBX Capital Corporation v. FDIC, No. 17-cv-62317 (S.D. Florida, filed November 22, 2017), was an action relating to golden parachute payments. On November 14, 2018, the district court granted the agencies' motion for summary judgment.
Board of Governors v. Afnani, No. 17-cv-00503 (E.D. Virginia, filed May 1, 2017), was a claim for recovery of disability benefits. On February 1, 2018, judgment for the Board was entered by consent of the parties.
Community Financial Services Association of America, Ltd., v. Board of Governors, No. 14-cv-00953 (D. District of Columbia, filed June 11, 2014), was 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. On September 24, 2018, the Board was dismissed as a defendant by stipulation of the parties.
Crisman v. Board of Governors et al., No. 12-cv-1871 (D. District of Columbia, filed November 19, 2012), was a Freedom of Information Act case. On September 18, 2018, the court dismissed all claims against the Board.
Dickson v. Board of Governors, No. 18-cv-00205 (W.D. Texas, notice of removal filed March 1, 2018), was an action involving an allegedly fraudulent check. On May 25, 2018, the district court granted the Board's motion to dismiss.
Handy v. Johnson & Johnson et al., No. 18-1008 (4th Circuit, notice of appeal filed December 29, 2017), was an appeal of the dismissal of an action arising out of employment at a Federal Reserve Bank. The court of appeals affirmed the dismissal on May 29, 2018, and the Supreme Court denied review on October 27, 2018.
Hardy v. Yellen,No. 16-cv-1572 (D. District of Columbia, filed August 2, 2016), was an employment discrimination action. On July 10, 2018, the district court granted the Board's motion for summary judgment.
Jiampietro v. Board of Governors, No. 18-cv-04769 (S.D. New York, filed May 30, 2018), was a mandamus action filed by a respondent in an administrative enforcement case brought by the Board. On September 20, 2018, the action was dismissed by stipulation of the parties.
Jiampietro v. Board of Governors, No. 18-1989 (2d Circuit, filed July 5, 2018), was a petition for review of an interlocutory order temporarily staying an administrative enforcement action. On September 20, 2018, the petition was dismissed by stipulation of the parties.
The Loan Syndications and Trading Association v. Board of Governors, No. 17-5004 (D.C. Circuit, appeal docketed February 10, 2017), was 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. On February 9, 2018, the court of appeals reversed and vacated the credit-risk retention rule insofar as it applied to investment managers of open-market collateralized loan obligations.
Richardson v. Board of Governors, No. 18-5063 (D.C. Circuit, notice of appeal filed March 2, 2018), was an appeal of a district court order dismissing claims brought under the Federal Tort Claims Act, Privacy Act, and Freedom of Information Act, among others. On November 1, 2018, the court of appeals summarily affirmed the dismissal.