Fannie Mae-No Politics (FNMA)

[bcde]

"Arrowwood case was about direct claims only--not derivative--ruling was as expected"

This is my understanding. There are two different types of direct claims.

First direct claim is that only companies claim. The second one is what shareholders can claim as a direct loss independent of company's direct loss. When companies can not file for direct claim because of conflict of interest of management (conservator), shareholders can file derivatives claim on behalf of companies direct claims. USFC has upheld derivatives claims on behalf of companies.

Not sure whether this dismissal is of second type.