Saturday, April 13, 2024 3:35:01 AM
ARNOLD & PORTER KAYE SCHOLER LLP
Wall Street law firm means that its clients are Wall Street firms.
Also, FHFA, an independent agency of the Federal Govt and sued as conservator of two private corporations.
Anyway, as Federal Agency, the government is vicariously liable for all its actions and the DOJ foots the bill.
This is why we cannot trust this Wall Street law firm when it requests to submit a motion for Judgment as a Matter of Law (JMOL) under Rule 50(b), which is the prior Judgment Notwithstanding the Verdict (JNOV).
Primarily because the deadline has passed:
Secondly, it doesn't mean that they want to change the final judgment already filed, but simply, the want to create expectations of it. What they will file are the same briefs already filed with the felony of Making False Statements for the coverup of many statutory provisions and financial concepts (Restriction on capital distributions, etc.)
What they seek is to maintain always something open in the U.S. courts. Some brief that needs to be addressed and would hinder a swift administrative resolution.
This was a frivolous lawsuit brought by the FHFA and the hedge funds acting in concert, and the parties are very happy with the outcome (the fiction of damages for breach of an "implied in fact contract claim", leading to fat bonuses for the attorneys and back dividends for the Non-Cumulative dividend JPS)
This is more of the LAW & ORDER TV series by the Fanniegate attorneys.
The art of deception.
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