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Tuesday, February 21, 2017 10:52:19 AM
https://www.cadc.uscourts.gov/internet/opinions.nsf/66A4E1FEF4BB8401852580CE005620C3/$file/14-5243-1662090.pdf
V. Conclusion
We affirm the judgment of the district court that the
institutional plaintiffs’ claims against the FHFA and Treasury
alleging arbitrary and capricious conduct and conduct in excess
of their statutory authority are barred by 12 U.S.C.
§ 4617(f). We affirm the district court’s dismissal of their
common-law claims because they were not properly
appealed. With respect to the class plaintiffs’ claims, we affirm
the judgment of the district court on all claims except for the
claims alleging breach of contract and breach of the implied
covenant of good faith and fair dealing regarding liquidation
preferences and the claim for breach of the implied covenant
with respect to dividend rights, which claims we remand for
further proceedings consistent with this opinion.
So ordered.
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- Just my personal opinion, no investment advice! -
- I am long WMIH, FNMA and FMCC -
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