$fnma #fanniegate
Chief Judge Sweeney lifted the seal on her opinion entered May 8 denying the government's motion to dismiss the Fisher and Reid plaintiffs' complaints, and a copy of her decision is attached to this e-mail message.
Yesterday, The Fisher and Reid Plaintiffs filed their motion to certify an interlocutory appeal yesterday, indicating they want the Federal Circuit to answer these two questions:
(A) Whether plaintiffs have standing to assert derivative claims notwithstanding HERA’s succession clause and
(B) Whether the FHFA-C’s actions are attributable to the United States such that the court possesses subject-matter jurisdiction to entertain plaintiffs’ derivative takings and illegal exaction claims;
and a copy of that filing is also attached to this e-mail message.
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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.