News Organizations Support Bloomberg's Bailout Suit
By AAN Staff
december 17, 2009 09:25 am
AAN has joined 12 other media organizations in filing a friend-of-the-court brief that supports Bloomberg LP reporters who are trying to access public records related to last year's financial bailout. The Board of Governors of the Federal Reserve System argues that the records are exempt from disclosure under FOIA's exemption 4, which protects confidential financial information from disclosure. But the media organizations say the board hasn't met the burden of showing that disclosure is likely to cause substantial competitive harm.