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Federal National Mortgage Association Message Board

  • mettle5000 mettle5000 Jul 17, 2013 6:34 PM Flag

    NEW LAWSUIT filed yesterday.

    Bring them on.

    Sentiment: Strong Buy

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    • Investors Sue Gov't Over Fannie, Freddie Stock Losses

      Share us on: TwitterFacebookLinkedIn By Evan Weinberger 0 Comments
      Law360, New York (July 17, 2013, 3:45 PM ET) -- Private investors in preferred stock issued by Fannie Mae and Freddie Mac on Tuesday filed a class action against the U.S. government alleging that it illegally swept the bailed-out mortgage companies' newfound profits rather than distriubte profits to the companies' shareholders.

      Case Information

      Case Title

      LIAO v. LEW et al

      Court

      District Of Columbia

      Nature of Suit

      Administrative Procedure Act/Review or Appeal of Agency Decision

      Case Number

      1:13-cv-01094

      Date Filed

      July 16, 2013

      Sections
      Banking
      Class Action
      Commercial Contracts
      Real Estate
      Securities

      Law Firms Mentioned
      Finkelstein Thompson
      Glancy Binkow

      Companies Mentioned
      Fairholme Capital Management LLC
      Fannie Mae (NYSE:FNM)
      Freddie Mac (NYSE:FRE)
      Perry Capital LLC
      W.R. Berkley Corporation (NYSE:WRB)

      Government Agencies Mentioned
      Federal Housing Finance Agency
      U.S. Department of the Treasury
      U.S. House of Representatives

      lol sully

      Sentiment: Strong Buy

    • Details Please ...

      Thanks

      Sully

      Sentiment: Strong Buy

 
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