Litigation
During 2021, the Board of Governors was a party in 5 lawsuits or appeals filed that year and was a party in 5 other cases pending from previous years, for a total of 10 cases. In 2020, the Board had been a party in a total of 13 cases. As of December 31, 2021, six cases were pending.
Pending
Bernstein v. Federal Reserve et al., No. 21-cv-8174 (D. Arizona, filed August 3, 2021), is an action alleging fraud and conspiracy involving multiple defendants.
Fruge v. Board of Governors, No. 20-cv-2811 (D. District of Columbia, filed October 2, 2020), is an action claiming retaliation for protected disclosures.
Greenspan v. Board of Governors, No. 21-cv-1968 (D. District of Columbia, filed July 20, 2021), is an action under the Freedom of Information Act.
Junk v. Board of Governors, No. 19-3125 (2d Circuit, filed September 27, 2019), is an appeal under the Freedom of Information Act.
North Dakota Retail Association et al. v. Board of Governors, No. 21-cv-95 (D. North Dakota, filed April 29, 2021), is an Administrative Procedure Act challenge to the debit interchange fee provisions of the Board's Regulation II.
Smith and Kiolbasa v. Board of Governors, No. 21-9538 (10th Circuit, filed April 21, 2021), is a petition for review of Board prohibition orders under the Federal Deposit Insurance Act.
Resolved
Baylor v. Powell, No. 20-5176 (D.C. Circuit, filed June 22, 2020), was an appeal of an order granting summary judgment to the Board in an employment discrimination case. On April 23, 2021, the court of appeals affirmed the district court's judgment.
Center for Biological Diversity v. Department of Treasury and Board of Governors, No. 20-cv-1322 (D. District of Columbia, filed May 19, 2020), was an action under the Freedom of Information Act. On May 18, 2021, the plaintiff voluntarily dismissed the case.
Center for Popular Democracy v. Board of Governors, No. 16-cv-5829 (E.D. New York, filed October 19, 2016), was an action under the Freedom of Information Act. On September 30, 2021, the court entered final judgment.
Estrada v. Federal Reserve et al., No. 21-cv-528 (D. District of Columbia, filed February 24, 2021), was an action alleging violations of the Federal Reserve Act. On July 13, 2021, the court dismissed the cased.