Fannie Mae-No Politics (FNMA)

[navycmdr]

Quote "To establish a breach of the implied covenant of good faith and fair dealing

in this case, each class of plaintiffs must prove by a preponderance of the evidence

that:

(1) FHFA's actions in agreeing to the Net Worth Sweep arbitrarily or unreasonably

violated shareholders' objectively reasonable expectations under the shareholder

contracts and

(2) as a result, plaintiffs' shares became less valuable."

$612 millions awards is the number 2. Awards for number 1 from NWS is much bigger