| Economic Alchemy Is Sued As
Federal Reserve Says Say No Parent Now SDNY
Discovery
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 20 – Now-Casting Economics
in 2018 sued Economic Alchemy
and soon the Federal Reserve
was brought in.
On October
20, U.S. District Court for
the Southern District of New
York Judge John P. Cronan held
a proceeding. Inner City Press
covered it.
Judge
Cronan expressed frustration
that discovery was moving so
slowly - and that plaintiff's
counsel had called in 11
minutes late even to this
conference.
The lawyer
said his assistant had the
wrong number. But the
information was on PACER;
that's how Inner City Press
called in, and identified
itself when asked.
Earlier,
Inner City Press had noted
that the Federal Reserve
Banks, and the Board of
Governors, despite have legal
departments made their
filing(s) in the SDNY court
through an outside private law
firm, Menuier Carlin of
Atlanta, Georgia. Why? The
firm filed identical Rule 7.1
Statements, that the Federal
Reserve Bank is "a federally
chartered corporate
instrumentality chartered
under the laws of the US
pursuant to the Federal
Reserve Act of 1913.. and that
it has no parent
corporation(s)."
Judge
Cronan said that re-setting
discovery deadlines to zero
would not be appropriate. He
tried to impose order and get
things on track.
The case is
Now-Casting Economics, LTD. v.
Economic Alchemy LLC,
18-cv-2442 (Cronan)
***
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