$FNMA #FANNIEGATE

FHFA delivered a Supplemental Substitution Motion and Memorandum in Support to Judge Sleet this afternoon, arguing that Judge Cacheris' decision in Pagliara v. Freddie Mac that Freddie Mac shareholders have no inspection rights is binding in the Delaware books and records action and that substitution of FHFA is appropriate because only FHFA enjoys the shareholder inspection rights Mr. Pagliara asserts.  Copies of those filings are attached to this e-mail message.16-00193-0025 16-00193-0024

FHFA's local counsel sent a letter to Judge Sleet this afternoon transmitting a copy of Judge Cacheris' decision in Pagliara v. Freddie Mac, and a copy of that letter is attached to this e-mail message.  A copy of the WestLaw-paginated version of Judge Cacheris' decision enclosed with the letter follows in a separate e-mail transmission.16-00193-0026

The enclosure is attached to this e-mail message.16-00193-0026-Enclosure