Fannie Mae (FNMA)

[contrarian bull]

Would not the sale of Treasury shares ripen plaintiffs claims

Well - technically I think Treasury would sell the warrants since they are not allowed to own shares.

But in any case - the exercise of the warrants held by Treasury would cause serious dilution to shareholders and that would be a NEW damage or harm to shareholders, giving shareholders a new right to sue.

But - I'm not sure if the courts would agree that while the issuance of the warrants did not harm shareholders, the sale or exercise of them did.

Those judges are unusual folk that think in non-linear ways.