Fannie Mae-No Politics (FNMA)

[ano]

FHFA/Treasury agreement to amend the Preferred Stock Purchase Agreements (PSPAs)
Lawsuits over $5Billion in “Litigation End Date” 5.2 & 5.3(b) of the agreement, 15 in total

District Court Shareholder Type- Lawsuit Type
1) 19-422/16-3113 Patrick J Collins v. Mnuchin .……….. Common & Preferred, Derivative
2) 13-1025 Perry Capital LLC v. Mnuchin….……………… Common & Preferred, Derivative
3) 13-1053 Fairholme Fund, Inc. v. FHFA…………………… Preferred, Direct & Derivative
4) 13-1288 In re: Fannie Freddie……………………………….. Common & Preferred, Class Action, Direct, Derivative, Jury Demand
5) 13-1439 Arrowood Indemnity Company v. Fannie… Preferred, Direct & Derivative
6) 17-497 Rop v. FHFA and Treasury…………………………. Common & Preferred, Derivative
7) 18-2506 Atif F. Bhatti vs. FHFA and Treasury ……….. Common & Preferred, Derivative
8) 18-3478 Wazee Street Opp. v. FHFA……………………… Common, Class action, Derivative, Jury Demand
Federal Court
9) 13-465C Fairholme Funds, Inc. v. United States……… Common & Preferred, Direct & Derivative
10) 13-608C Bryndon Fisher (FNMA) v. United states..… Common Derivative
11) 14-152C Bruce Reid (FMCC) v. United states…………… Common Derivative
12) 13-672C Erick Shipmon v. United states ………………… Common Derivative
13) 14-740C Louise Rafter Pershing Square v. U.S….……. Common Direct & Derivative
14) 18-1124C Wazee Street v. United states ..……………… Common, Class Action, Direct & Derivative
Class= all persons who held Common in Fannie/Freddie on August 17, 2012
15) 18-1226C Perry Capital LLC v. United States.…………. Common & Preferred, Direct & Derivative

District Court Expected Ruling / Progress
1) 19-422/16-3113 Patrick J Collins v. Mnuchin.……….. June 2021
2) 13-1025 Perry Capital LLC v. Mnuchin….……………… Remanded from appeals court to Judge: Royce C. Lamberth Feb 21, 2017
3) 13-1053 Fairholme Fund, Inc. v. FHFA…………………… Remanded from appeals court to Judge: Royce C. Lamberth Feb 21, 2017
4) 13-1288 In re: Fannie Freddie……………………………….. Remanded from appeals court to Judge: Royce C. Lamberth Feb 21, 2017
5) 13-1439 Arrowood Indemnity Company v. Fannie… Remanded from appeals court to Judge: Royce C. Lamberth Feb 21, 2017
6) 17-497 Rop v. FHFA and Treasury…………………………. On appeal in the Sixth Circuit, Mediation Conference planned and cancelled
7) 18-2506 Atif F. Bhatti vs. FHFA and Treasury ……….. Court strives to issue opinion within 90 days after the oral Argument(Oct 15, 2019)
8) 18-3478 Wazee Street Opp. v. FHFA……………………… Notice of supplemental authority Collins 19-422 case
Federal Court
9) 13-465C Fairholme Funds, Inc. v. United States……… On interlocutory appeal designated as the lead appeal
10) 13-608C Bryndon Fisher (FNMA) v. United states..… Participates in Interlocutory Appeal Fairholme
11) 14-152C Bruce Reid (FMCC) v. United states…………… Participates in Interlocutory Appeal Fairholme
12) 13-672C Erick Shipmon v. United states ………………… Consolidated with 13-608C Fisher
13) 14-740C Louise Rafter Pershing Square v. U.S….……. Order continuing to stay, resolution 21 days following Fairholme Funds
14) 18-1124C Wazee Street v. United States ..……………… Staying following results in Fairholme
15) 18-1226C Perry Capital LLC v. United States .…………. Staying following results in Fairholme

“Litigation End Date” means the date on which all litigation pending as of January
14, 2021, against Purchaser, Seller, or the United States or any of its agencies or
officers arising out of or in connection with the placement of Seller into
conservatorship and/or the Third Amendment, other than litigation that presents a
maximum total aggregate potential monetary exposure of less than $5 billion, has been
(a) resolved in a final non-appealable judgment or (b) settled with prejudice and Seller
has indemnified Purchaser and the United States from and against any loss, cost, or
damage of any kind arising out of such placement into conservatorship or the Third
Amendment.