Fannie Mae-No Politics (FNMA)

[YanksGhost]

What is annoying is having to explain and re-explain the law, over and over again, regarding damages in Washington Federal only going to pre-C-ship shareholders and not to current shareholders.

First of all, CFC has not even agreed to hear the case yet. If Sweeney agrees, the class action then must be defined and certified. Unless she goes very far afield which I doubt, she will certify the covered class as laid out in the WF docket filing the claim.

In addition to the points I made to Guido earlier, all class action claims filed by shareholders in Federal Court (not some States or in FINRA actions) are subject to Rule 23 in the FRCP Regulatory process. There is NO permissable way that shareholders outside the class dates will receive any award.

https://federalrulesofcivilprocedure.org/frcp/title-iv-parties/rule-23-class-actions/