Replies to post #716593 on Fannie Mae-No Politics (FNMA)

[MoneyRobot]

Okay. To sum it up. Accounts 1-9 will be counted as a part of the Class Action but, account 10 will not. Right?

So, if by a no chance in H#ll that we lose, I still can sue on my own with the shares in account 10. To me, each share is independent.



Is that right?

[jeddiemack]

So,

Lets say that in this case the account 10 shares opt out.. and then in six months sells all the shares...

Do those "opt" out shares continue to trade as opt out shares as a successor in interest would be precluded from recovery?

Looks squishy... so then... account 9 buys shares equal to what account 10 had...

So are they opt out or opt in successor in interest shares?

seems really dicey..


Is once opted out shares always opted out shares? seems like if this is the case then, the market for shares could dry up since if you sell the shares you loose rights? or ???

[Donotunderstand]

yes

I fully agree - once out - then out --- but it is by account

the question on the table

if I have a Fidelity Account (say non IRA)

and

if I have a Vanguard Account (say non IRA)

and each owns 10,000 shares

can I opt out with one account (and THERE have the right to sue) and opt in with the other account and ride with the class action

Summary
Can the same Social (that is what it boils down to) both opt in and opt out of same ACTION because it (person - social) is the owner of two distinct accounts ?