$FNMA #FANNIEGATE
Messrs. Jacobs and Hindes delivered their Amended Complaint to Judge Sleet this afternoon. The gravamen of this complaint, life the initial complaint, is that any preferred security claiming to be entitled to 100% of a corporation's earnings is illegal and is void. The amended complaint abandons the breach of contract and duty claims and moves forward with an unjust enrichment argument. A copy of the amended complaint is attached to this e-mail message.15-00708-0062
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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.