Fannie Mae (FNMA)

[Wise Man]

Every shareholder as of today is entitled to damages for Washington Federal's Takings claim. It doesn't matter that it wrote a cut-off date on September 8th, 2008, because it filed a Class Action on behalf of the absent parties and the ability to get remedies travels with the shares, according to judge Lamberth.
You agree that WaFd challenges the warrant, but later you add:

Only to be used in calculating damages

What? the lawsuit is a dramatic explanation of a Takings claim and in the prayer for relief, it asks for damages for the taking of private property. A warrant can't be deemed Takings and later allow the Govt to exercise it. Primarily because HERA only authorized the purchase of the warrant (iii) to protect the taxpayer (from losses). Exercising the warrant today would be only for profits, unauthorized in HERA.
The warrant is a takings because the warrant is deemed Beneficial Ownership in regulation, regardless of having been exercised. The damage on the stock price occurred in 2008 through today. We expect huge damages for the common shareholders.