This was a lawsuit that I was involved with, as I recall, as part of a class of former employees who had vested ESOP (i.e., Employee Stock Ownership Plan) common shares that sustained economic damages by the corporation for it's accounting shenanigans some time ago, again as I recall, or perhaps it was something else. I didn't pay much attention to it at the time. In the end they sent me a check for that and knowing no one can kill the twins I just cashed the check and bought more Fannie Mae shares. Then I got another check one time when they unilaterally liquidated my ESOP shares and closed my account. Again I bought new Fannie Mae shares.
As much as I try, I can't recall with 100% certaintity which of the earlier shareholder litigation was dismissed because of standing.
I guess that leads to the question, in light of the Collins decision, were previous cases that were dismissed from lack of standing, do they know have standing and are any of those issues already being litigated by the courts?
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