The Blog of the Legal Times reports on the argument before the District of Columbia Court of Appeals on a request by the parent of the Blog of the Legal Times for reports of an independent monitor on compliance with a settlement between the SEC and AIG in 2004. The monitor's reports were sought by a third party reporter and the district court ruled that it was in the public interest to release them. Attorneys for AIG argue that they are not judicial records and their release would harm future companies sharing of information with regulators.
While not a FOIA case, the ultimate decision in the case may have far reaching implications as the arguments made by AIG are the same arguments often made by companies trying to shield their records from public disclosure, i.e. releasing them would make the companies less likely to share information with regulators. Thus, it will be interesting to read the court's analysis when a decision is made.