Replies to post #765469 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

In the Lamberth trial, it's an Implicit Contract (i.e., unwritten) - it's a given that Shareholders shouldn't expect their Corporations (here, the FHFA in its acting capacity as the Conservator) to give away ALL their profits into perpetuity. The Government argued, no, the Net Worth Swipe was foreseeable. The Jurors didn't buy the Government's arguments.

I believe in most contract disputes, the courts only award Litigation Expenses and Court Costs to the prevailing party if there is a provision in the Explicit written contract that awards it. Although I could be wrong and I'm not certain about what the rules are in Class Action Cases.