$FNMA #FANNIEGATE
FHFA, Fannie and Freddie filed a second motion under seal today. Stanton Jones at Arnold & Porter advised Judge Lamberth this morning:
(x) one of the two filings is an afer-the-fact written motion for judgment as a matter of law which His Honor denied last week but the trio believes is necessary in case an appeal is necessary; and
(y) the second is a request to decertify the class because the trio doesn't think it makes sense for current shareholders to recover money on account of the share-price-drop the day the Third Amendment was announced.
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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.