MuskogeePhoenix.com, Muskogee, OK

Oklahoma News

August 2, 2013

State to appeal ruling dismissing Dodd-Frank suit

OKLAHOMA CITY (AP) — Oklahoma Attorney General Scott Pruitt says an appeal is planned following a federal judge's decision to dismiss a lawsuit filed by Oklahoma and 10 other states that challenged the Dodd-Frank financial reform law.

The lawsuit was dismissed Friday by a federal judge in Washington, D.C., who ruled that states that filed it in June 2012 had not shown how they would be harmed by the government's new authority.

In a statement, Pruitt says he disagrees with the ruling. He says the law, adopted in 2010, gave federal agencies the power to decide the fate of the state's investments.

State attorneys general challenged a particular section of the act that gives singular power to the U.S. Treasury Secretary to liquidate banks with only 24 hours' notice and no notice for creditors.

 

1
Text Only
Oklahoma News
AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Poll

Should a federal judge have the power to strike down Oklahoma's ban on gay marriage?

Yes
No
     View Results
Featured Ads
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Stocks