Legal Opinion
Board of Governors of Federal Reserve System v. Pharaon
Court of Appeals for the Second Circuit
Decided February 24, 1999No. Docket Nos. 98-6101(L), 98-6121(CON)PublishedCited by 1 opinion
1Opinion of the Court
JON O. NEWMAN, Circuit Judge:
This appeal presents two issues concerning a civil penalty levied by the Board of Governors of the Federal Reserve System (“the Board”). The first is whether the Board is entitled to the ten percent surcharge on the penalty authorized by the Federal Debt Collection Procedures Act (“FDCP Act”), 28 U.S.C. §§ 3001-3308 (1994), in certain actions brought by the United States to recover debts. The second is whether the Board is entitled to an award of interest on the penalty, accruing from the date by which the Board’s order directs payment of the penalty through the…
2Cases cited9 opinions
- City of Milwaukee v. Cement Division, National Gypsum Co.Supreme Court of the United States · 1995
- Rodgers v. United StatesSupreme Court of the United States · 1947
- Wickham Contracting Co., Inc., Ralph Perone v. Local Union No. 3, International Brotherhood of Electrical Workers, Afl-CioCourt of Appeals for the Second Circuit · 1992
- Ghaith R. Pharaon v. Board of Governors of the Federal Reserve SystemCourt of Appeals for the D.C. Circuit · 1998
- Board of Governors v. PharaonDistrict Court, S.D. New York · 1991
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3Cited by1 opinion
- Board Of Governors Of The Federal Reserve System v. Ghaith R. PharaonCourt of Appeals for the Second Circuit · 1999