$Fnma #FAnniegate

Posted on March 13, 2018

Appaloosa and some if its affiliates filed a lawsuit against the government in the U.S. Court of Federal Claims last week, and a copy of the complaint is attached to this e-mail message. Appaloosa is represented by the same team of Jones Day lawyers representing Owl Creek. A different set of Jones Day lawyers, you’ll recall, represents the Rafter Plaintiffs. Appaloosa owned approximately $750 million of junior preferred stock as of Aug. 16, 2016. Because this case is related to the other cases complaining about the Net Worth Sweep, it’s been assigned to Judge Sweeney.18-370-0001

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