Several news organizations on Monday filed an amicus brief on behalf of Bloomberg LP, asking a federal court to uphold a decision that the U.S. Federal Reserve bank must disclose to Bloomberg confidential information about loans the Fed made to financial institutions, reports Dow Jones Newswires.
“News Corp. is the parent company of Dow Jones & Co., which publishes this newswire. Reuters America LLC is a subsidiary of Thomson Reuters Corp..
“‘The number of people that joined, and the amount of effort they put into discussing these issues shows how important this is for transparency and for the freedom of information,’ said Amanda Bennett, an executive editor at Bloomberg, in an interview with Dow Jones Newswires.
“A spokesman for the Fed said, ‘We will respond to the arguments in the amicus brief in our brief to the court.'”
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