Fannie Mae-No Politics (FNMA)

[TLIPK5269]

For Infomation Only...This is from the google board referencing when you bought your shares in the takings claim..

Bryndon Fisher
3:35 PM (4 hours ago)



“Plaintiffs are correct that the original bargaining took place when the GSEs issued the shares, irrespective of whether the securities changed hands after that. Further, the bargained-for-rights related to dividends and liquidation preferences traveled with the shares to subsequent purchasers. Under both Delaware and Virginia statutory law, ‘a purchaser of a certified or uncertified security acquires all rights in the security that the transferor had or had power to transfer.’ ‘All rights in the security’ as used in the statutes ‘means rights in the security itself as opposed to personal rights.’ In other words, ‘[w]hen a share of stock is sold, the property rights associated with the shares, including any claim for breach of those rights and the ability to benefit for any recovery or other remedy, travel with the shares.’ Rights associated with the dividends and liquidation preferences inhere in the security.”
Judge Royce Lamberth
Fairholme Funds v. FHFA
September 28, 2018
Page 17