Fannie Mae (FNMA)

[Release us]

Peter Chapman writes, "Fairholme and Arrowood delivered their response to FHFA, Fannie and Freddie's motion to dismiss (Doc. 66 filed on Jan. 10, 2018, in Case No. 13-mc-01288) to Judge Lamberth yesterday evening. Fairholme and Arrowood tell Judge Lamberth that while FHFA argues shareholders' contract claims aren't ripe, they are because the D.C. Circuit said they are in the Perry decision. Further, while HERA and the PSPAs presumably could have eliminated public shareholders' interests in the GSEs, Congress and the PSPAs didn't do that. As a result, shareholders are entitled to damages and restitution."

http://gselinks.com/Court_Filings/Fairholme/13-cv-01053-0076.pdf