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Dodd-Frank Stands as Judge Rejects Suit by States, Bank

Dodd-Frank Stands as Judge Rejects Suit by States, Bank

A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law’s financial regulation overhaul was dismissed by a federal judge.

U.S. District Judge Ellen Segal Huvelle in Washington ruled in yesterday’s decision that the states and the State National Bank of Big Spring, Texas, didn’t have legal standing to bring their claims. She also said they “did not come close” to showing they would suffer financial injury as a result of the overhaul.

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