July 18, 2012 | Case

Vern McKinley v. Commodity Futures Trading Commission and Securities and Exchange Commission (Case No. 12-1176)

Judicial Watch, the public interest group that investigates and fights government corruption, announced today that on July 18, 2012, it filed a Freedom of Information Act (FOIA) lawsuit (Vern McKinley v. Commodity Futures Trading Commission and Securities and Exchange Commission (No. 1:12-cv-01176)) against the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) seeking records related to internal discussions involving the bankrupt company MF Global Holdings Ltd. Judicial Watch’s FOIA lawsuit, filed on behalf of Vern McKinley, focuses specifically on an October 31, 2011, meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), during which MF Global was reportedly discussed. McKinley is a former employee of the Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corporation and author of Financing Failure: A Century of Bailouts.

Judicial Watch seeks the following records from both the SEC and the CFTC pursuant to the original April 24, 2012, FOIA requests:

…copies of any and all records concerning this update of MF Global, the discussion of the implications for the broader financial system, and any follow up contact and discussions on public statements. Such records include, but are not limited to, detailed meeting minutes, meeting notes, supporting memoranda, communications, and electronic messages and attachments.