Posted on June 22, 2017

Three GSE shareholders filed a fresh lawsuit in the U.S. District Court for the District of Minnesota today, and a copy of their complain is attached to this e-mail message.  The Bhatti Plaintiffs are represented by Scott D. Knudson at Briggs and Moran, P.A., in Minneapolis.  The Bhatti Plaintiffs want the Court to vacate and set aside the third amendment, declare that FHFA’s structure is unconstitutional, and strike HERA’s provisions that FHFA interpret to empower it to do whatever it wants with the GSEs and their assets. 17-cv-02185-0001

2 Replies to "$FNMA #FANNIEGATE"

  • franceskh
    June 22, 2017 (7:04 pm)

    Good use of the FHFA’s own claims. Hope this case gets some traction.

  • kap18682
    June 23, 2017 (8:48 am)

    I just don’t get how this scenario was even allowed to happen; this sets such a skewed precedence for shareholder rights. Basically under this structure the government can fabricate a false narrative, take over any company it wants and just take everything in perpetuity. It is mind boggling to me.

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