A Brooklyn federal judge Monday threw out a motion for a temporary restraining order against the Troubled Assets Relief Program, filed by eight businesses and individuals who claimed the so-called “bailout” program violated their Fifth and 14th Amendment rights.
The named plaintiffs in the proposed class action — Henry Builders, Avery Enterprises, HKL Enterprises and five individuals — claimed the Emergency Economic Stabilization Act of 2008 and its centerpiece, TARP, violated their equal protection rights.
