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Saturday, July 22, 2023 10:19:25 AM
FMCC common shareholders reward would be "peanuts",in the range of 6 to 9 cents per share. Plaintiffs legal team proposed that jurors would determine shareholders reward amount out of 3 options, but lamberth cancel it.
Not sure how many FMCC common shares would be recognized, but as of today number of Common Shares Outstanding is 650M.
The shareholders suffered damages that can be reasonably estimated to be $1.611 billion in total, broken down as follows:
i. $779 million of damages suffered by private preferred stock shareholders in Fannie
Mae;
ii. $786 million of damages suffered by private preferred stock shareholders in Freddie
Mac; and
iii. $46 million of damages suffered by private common stock shareholders in Freddie
Mac.
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