AI
Wednesday, October 06, 2021 2:59:54 PM
Fannie Mae, Freddie Mac Shareholders Get Chance to Prove Damages
Oct. 6, 2021, 8:59 AM
Trade secret theft is analogous to a breach of a confidential relationship, the Sixth Circuit said.
-- Challenged leadership structure, appointments
-- U.S. Supreme Court precedent governed outcome
Shareholders in the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation were given a chance by the Eighth Circuit Wednesday to prove that they suffered damages as a result of the leadership structure at the Federal Housing Finance Agency.
The shareholders alleged violations of the appointments clause, the separation of powers, and the non-delegation doctrine.
The U.S. Supreme Court’s recent opinion in Collins v. Yellen addressed most of the issues here, the opinion by Judge Duane Benton said.
The appointment of acting director Edward DeMarco was initially valid, and even if his more than four-year tenure is ...
To read the full article log in.
Oct. 6, 2021, 8:59 AM
Trade secret theft is analogous to a breach of a confidential relationship, the Sixth Circuit said.
-- Challenged leadership structure, appointments
-- U.S. Supreme Court precedent governed outcome
Shareholders in the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation were given a chance by the Eighth Circuit Wednesday to prove that they suffered damages as a result of the leadership structure at the Federal Housing Finance Agency.
The shareholders alleged violations of the appointments clause, the separation of powers, and the non-delegation doctrine.
The U.S. Supreme Court’s recent opinion in Collins v. Yellen addressed most of the issues here, the opinion by Judge Duane Benton said.
The appointment of acting director Edward DeMarco was initially valid, and even if his more than four-year tenure is ...
To read the full article log in.
