Wednesday, August 22, 2018 10:35:25 AM
Class action lawsuit filed against Federal Housing Finance Agency and Treasury Department
FILINGS
By Noddy A. Fernandez | Aug 21, 2018
According to the complaint, since the 2008 execution and implementation of the Third Amendment to the Senior Preferred Stock Purchase Agreement has caused the expropriation of the companies' resources and private shareholders' rights, and its pursuit of housing-financing policies that disadvantage the companies and their shareholders, continue to harm plaintiffs and the class.
The shareholders are owners of common stock issued by the Federal National Mortgage Association ("Fannie Mae" or "Fannie") and the Federal Home Loan Mortgage Corporation ("Freddie Mac" or "Freddie;" Fannie Mae and Freddie Mac together, the "Companies").
https://pennrecord.com/stories/511539439-class-action-lawsuit-filed-against-federal-housing-finance-agency-and-treasury-department
The plaintiffs request a trial by jury and seek award of reasonable costs, including attorneys' fees incurred, and grant such other and further relief as the Court may deem just and proper. They are represented by Eric L. Zagar of Kessler Topaz Meltzer & Check, LLP in Radnor, Pennsylvania.
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