From Bloomberg:
The Federal Reserve said a U.S. judge erred in ruling that the central bank should identify companies that received emergency loans last year, according to court papers filed to overturn the decision.
U.S. District Judge Loretta Preska improperly used the standard of “imminent harm” to a borrower’s competitive position rather than a lesser standard of “likely harm,” according to papers filed yesterday by Fed lawyers led by Senior Counsel Yvonne Mizusawa.