You will be redirected back to your article in seconds

Fox Business files government suit

Network takes on Treasury Dept.

Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout.

On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York Mellon. On Dec. 1 it issued a second FOIA request for info on the Citigroup bailout.

Specifically, Fox Biz wants to know which assets the feds purchased, what collateral was extended, and what restrictions have been placed on the rescued banks going forward.

Explaining the motivation behind the inquiries, FBN exec veep Kevin Magee said, “In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it’s more important than ever to hold the government accountable.”

The net’s legal counsel, Steven Mintz of Mintz & Gold, added: “Despite the several requests for expedited information filed by FBN, it has become apparent that the Treasury will not cooperate without mounting legal pressure.”

More Scene

  • Mr Chow 50th Anniversary celebration

    Mr. Chow 50th Anniversary Party Draws Stevie Wonder, Heidi Klum & More Stars

    Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout. On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York […]

  • Paley Center for Media presents They

    African-American Showrunners Talk Strides in TV Representation

    Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout. On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York […]

  • 'Annihilation' film premiere

    'Annihilation' Star Jennifer Jason Leigh Responds to Whitewashing Accusations

    Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout. On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York […]

  • Viola Davis Women in the World

    Viola Davis on #MeToo: 'If You're Dedicated to Change, Let It Cost You Something'

    Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout. On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York […]

  • LeBron James Stephen Curry All-Star Game

    NBA All-Star Weekend 2018: The Ultimate Party Guide

    Fox Business Network has filed suit in Gotham against the Treasury Dept., claiming the agency ignored two Freedom of Information Act (FOIA) requests regarding the recent Wall Street bailout. On Nov. 25, the News Corp.-owned cable newser asked Treasury for data on the funds to be distributed to AIG and the Bank of New York […]

More From Our Brands

Access exclusive content