Fannie Mae-No Politics (FNMA)

[kthomp19]

JPS suit total dismissal is what it is. A TOTAL LOSS.

Then riddle me this: what lawsuits have plaintiffs that only own common shares and no pref shares? And what makes you think that those cases would survive dismissal while all other cases, including ones whose plaintiffs own both common and pref shares, get dismissed?

You're too late anyway; Sweeney is allowing Fairholme's derivative claims to go to trial. The Fairholme plaintiffs own both common and pref shares, meaning that this "total dismissal" of yours is already impossible!

This "TOTAL LOSS" of yours would also apply just as much to the commons as to the prefs. Once again, if the commons end up being worth anything at all after recap and release then the prefs are worth full par (at least). No amount of bluster, wishful thinking, or common nonsense will change that fact.