Summary

Portrait of John Paul Stevens John Paul Stevens Board of Governors of the Federal Reserve System of the United States v…

The case before us today is entirely different from Kyne because FISA expressly provides MCorp with a meaningful and adequate opportunity for judicial review of the validity of the source of strength regulation. If and when the Board finds that MCorp has violated that regulation, MCorp will have, in the Court of Appeals, an unquestioned right to review of both the regulation and its application.
Source: Wikisource

Portrait of John Paul Stevens John Paul Stevens Board of Governors of the Federal Reserve System of the United States v…

Notwithstanding this plain, preclusive language, MCorp argues that the District Court's injunction against the prosecution of the Board proceedings was authorized either by the automatic stay provision in the Bankruptcy Code, 11 U.S.C. § 362, or by the provision of the Judicial Code authorizing district courts in bankruptcy proceedings to exercise concurrent jurisdiction over certain civil proceedings. 28 U.S.C. § 1334 (b) . We find no merit in either argument.
Source: Wikisource

Portrait of John Paul Stevens John Paul Stevens Board of Governors of the Federal Reserve System of the United States v…

The action before us is neither a challenge to a temporary Board order, nor a petition for review of a final Board order, nor an enforcement action initiated by the Board. Instead, FISA's preclusion provision appears to speak directly to the jurisdictional question at issue in this litigation: " [E] xcept as otherwise provided in this section no court shall have jurisdiction to affect by injunction or otherwise the issuance or enforcement of any notice or order under this section, or to review, modify, suspend, terminate, or set aside any such notice or order."
Source: Wikisource

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