Fannie Mae-No Politics (FNMA)

[kthomp19]

and that puts the 10% divi and 80% warrants in question.

No, it doesn't. At least, not in a way that matters to any of us who bought shares after 2008. Washington Federal's case doesn't seek to have anything actually changed retroactively or prospectively. They only want money, and given the court they are suing in, that's all they can get.

No sure if Wash Fed P's have deep pockets and want to play chicken, but could that suit be a spoiler? ... and isn't that under Sweeney as well? ... and doesn't that have the potential to be a class action?

To my knowledge, Sweeney has not certified Washington Federal (or any other case) as a class action yet.

Washington Federal's legal team is also working on contingency. They are rumored to be the plaintiff most desparate for a settlement. I wouldn't count on their case, or any other for that matter, ever reaching trial. If no cases are certified as class actions, FHFA and Treasury can settle all of them by just paying off the named plaintiffs.