FOX Business Network has won a victory against the Treasury Department in its Freedom of Information Act request for details about the government's bailout plan.
Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York said in a decision Friday that the government is directed to comply with FOX Business's request under the FOIA "within 30 days and to produce a Vaughn index with 45 days."
The initial request, filed on Nov. 25, sought actual data on the use of the bailout funds for American International Group and the Bank of New York Mellon, and an additional request, filed on Dec. 1, sought similar data on the bailout funds for Citigroup.
FBN asked the Treasury Department to identify, among other issues, the troubled assets purchased, any collateral extended, and any restrictions placed on these financial institutions for their participation in this program.
Cody must be thrilled.
FOX Business Wins FOIA Lawsuit Against Treasury [FBN]