Pharaon, Ghaith R. v. FRS

Opinion

United States Court of Appeals for the district of columbia circuit

No. 97-1114 September Term, 1997

Ghaith R. Pharaon Petitioner

v.

Board of Governors of the Federal Reserve System, Respondent

Before: Ginsburg, Henderson, and Tatel, Circuit Judges.

O R D E R

It is Ordered, by the Court, that the opinion filed February 10, 1998 is amended, as follows:

At page 13, lines 8-13

Delete: "Thirty-seven million dollars reflects the approximate amount the Board found BCCI invested in Independence, as well as approximating the magnitude of the gains sought and the potential harm posed by Pharaon's facilitation of BCCI's secret takeover of a bank worth several hundred million dollars."

At page 15, lines 21-24

Delete: "Indeed, BCCI's unrecoverable investment in the now-defunct Independence represents adequate 'financial loss or other damage' for purposes of the prohibition order."

FOR THE COURT: Mark J. Langer, Clerk

Filed on April 17, 1998