$FNMA #FANNIEGATE
PricewaterhouseCoopers exercised its right today to remove the lawsuit filed against it by Freddie Mac shareholders in Florida state court to the U.S. District Court for the Southern District of Florida. A copy of the Removal Notice (Doc. 1) is attached to this e-mail message. The U.S. District Court Clerk has assigned Case No. 16-cv-21224 to the proceeding, and the case has been assigned to the Honorable Federico A. Moreno. Sedgwick LLP is representing PwC in this matter.
PwC delivered a Notice (Doc. 5) to the Court today advising that this case is related to Edwards v. Deloitte, and a copy of that Notice is attached to this e-mail message. That may cause a reassignment of this case or Edwards v. Deloitte or both.16-cv-21224-000116-cv-21224-0005
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.