Chao v. Community Trust Company -- Precedential Report Third Circuit Decision

Jan 19, 2007

OUTCOME: The United States Court of Appeals for the Third Circuit reversed the district court’s subpoena-enforcement ruling in favor of Community Trust Company. Reported precedential decision: Chao v. Community Trust Co., 474 F.3d 75 (3d Cir. 2007).

Represented Community Trust Company in a federal administrative subpoena enforcement action brought by the United States Department of Labor under the Employee Retirement Income Security Act of 1974 (E ... RISA). The case required defending a financial institution against a government subpoena seeking trust-related financial records and involved complex issues under the Gramm-Leach-Bliley Act (GLBA), the Right to Financial Privacy Act (RFPA), and federal regulatory jurisdiction. Although the district court enforced the subpoena, the United States Court of Appeals for the Third Circuit reversed in favor of Community Trust Company. The decision is reported and precedential: Chao v. Community Trust Co., 474 F.3d 75 (3d Cir. 2007).