$FNMA #FANNIEGATE

The Eighth Circuit released a seven-page opinion today, and a copy's attached to this e-mail message. The Eighth Circuit says Judge Schiltz erred in dismissing the Bhatti Plaintiffs' suit, it reversed the dismissal of plaintiffs' separation-of-powers claim, and the appellate panel has remanded the case to the district court to determine if shareholders suffered compensable harm and are entitled to retrospective relief.

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Disclaimer: 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.