$FNMA #FANNIEGATE

Posted on April 17, 2017

15-00708-0067 FHFA, Fannie and Freddie filed their motion to dismiss Messrs. Jacobs and Hindes’ amended complaint today.  A copy of FHFA, Fannie and Freddie’s motion is attached to this e-mail message and, because voluminous exhibits are annexed, a copy of their opening brief is posted at http://bankrupt.com/misc/15-00708-0068.pdf

The trio stands on its tried and true arguments to date: HERA blocks shareholder litigation, FHFA stands in shareholders’ shoes, no conflict of interest exception exists, and federal law trumps any state law.

 

>Treasury filed its motion to dismiss Messrs. Jacobs and Hindes’ amended complaint today.  A copy of Treasury’s motion is attached to this e-mail message and, because voluminous exhibits are annexed, a copy of Treasury’s opening brief is posted at http://bankrupt.com/misc/15-00708-0066.pdf
>
>In addition to HERA’s purported obstacles to shareholder litigation, our government now raises a new sovereign immunity defense, and stakes out a position that Delaware and Virginia are inapplicable.  Besides, Treasury tells Judge Sleet, Judges Lamberth and Reade have already published decisions in the government’s favor, so it would be much easier to place a rubber stamp on what they’ve decided.


No Replies to "$FNMA #FANNIEGATE"


    Got something to say?

    Some html is OK