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Re: None

Sunday, 04/07/2024 2:02:18 AM

Sunday, April 07, 2024 2:02:18 AM

Post# of 794528
The Fanniegate attorneys protect the Lamberth's fat bonus worth $180mll (a 30% cut of $600mll awarded)
Firstly, it was their ally, the judge, obsessed with granting back dividends to a Non-Cumulative dividend stock.

No genuine dispute remains on the fact of harm on the theory of plaintiffs were denied dividends that they otherwise were reasonably certain to receive. (Source)


In undercapitalized enterprises? Shamelessly omitting the Restriction on Capital Distributions too.
He stated in the Final Judgment that the deadline to file the attorneys' fees and costs in the Federal Rule of Procedure 54 (d)(2) of 14 days (April 3rd) after the Final Judgment, will be extended to 45 days (May 6th).
He also claimed that he might use his discretion again, to use this deadline (May 6th) as the date the 60-day deadline to appeal begins to run, instead of the date of the Final Judgment, March 20th.
Clearly, he thinks that Fanniegate will be resolved through a negotiation with the corrupt Fanniegate attorneys, complying with the attorney for Berkowtiz, David Thompson's will: "The government comes to me", stated in a conference call hosted by Pagliara.
https://web.archive.org/web/20200619174039/https://investorsunite.org/wp-content/uploads/2020/01/1-24-IU-Teleconference-Audio.mp3
Where he also claimed (22'):

"With respect to capitalization, I'm not a regulatory lawyer. I'm a litigator...That's being watched by a number of sofisticated lawyers"



Secondly, one of the parties in the Lamberth court, the attorney Hamish Hume, has another lawsuit in the CFC with judge Sweeny. The Wazee case. For the first time ever, he challaneges the ongoing NWS 2.0 (Common Equity Sweep, through the offset -Reduction of Retained Earnings account- attached to the SPS LP increased for free, both operations are missing on the Balance Sheets. Financial Statement fraud) in an amended complaint. He was scheduled to file an appeal on March 25th, but skipped it to protect the Lamberth rebate, as this appeal will render the Class Action illegal: it didn't put an end to the controversy if the litigation goes on.

Clarification: the appeal was postponed. The attorney filed a motion for extension of time to May 24th, achieving the goal of concealing the Wazee case and use it as a bargaining tool. "Gimme the booty and I let the Wazee case die, or else!"
Anyway, this is just one of the five reasons why the Class Action was illegal: