Fannie Mae-No Politics (FNMA)

[FOFreddie]

Freddie Mac also wrote off Lamberth damages in 3rd Quarter - From Pages 94-5 of 10Q:

. On September 28, 2018, the District Court dismissed all of the claims except
those for breach of the implied covenant of good faith and fair dealing. The cases were consolidated for trial.
Financial Statements Notes to the Condensed Consolidated Financial Statements | Note 14
Freddie Mac 3Q 2023 Form 10-Q 94
Court rulings have limited the Plaintiffs’ damages theories to those based on the decline in Freddie Mac’s and Fannie Mae’s
share value immediately after the Third Amendment. The Plaintiffs have asserted losses based on the decline in value of
Freddie Mac’s common and junior preferred stock from August 16 to August 17, 2012. During the trial in October and early
November 2022, the Plaintiffs requested that the jury award $832 million plus pre-judgment interest as damages against
Freddie Mac. The jury in that trial was not able to reach a unanimous verdict and on November 7, 2022 the judge declared a
mistrial. The retrial started on July 24, 2023. On August 14, 2023, the jury returned a verdict against FHFA, Fannie Mae, and
Freddie Mac awarding compensatory damages of $282 million to Freddie Mac junior preferred shareholders and $31 million to
Freddie Mac common shareholders. The jury declined to award the Freddie Mac shareholders prejudgment interest. In 3Q
2023, we recorded a $313 million accrual in other expense on our condensed consolidated statements of income for the
adverse judgment.

https://www.freddiemac.com/investors/financials/pdf/10q_3q23.pdf