United States District Judge for the District of Columbia James Robertson has ruled that the Federal Deposti Insurance Corporation ("FDIC") may withhold the identies of depositors of failed banks that the FDIC acts as a receiver.
The plaintiff sought the information to solicit the purchase of receiver certificates, which are certificates for deposits above the federal insured level of $100,000 which portions are paid after secured creditors and administrative expenses of the bank are paid. Judge Robertson found that information pertaining to business deposits were protected pursuant to FOIA exemption 4 and that individual depositor's identifying information was protected pursuant to FOIA exemption 6.
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