Replies to post #775028 on Fannie Mae-No Politics (FNMA)

[Patswil]

Tnx Navy

[Sky6785]

Both parties reached a settlement. If you actually login to Pacer, the settlement is listed.

[Sky6785]

IT IS FURTHER ORDERED AND ADJUDGED that said judgment shall be in the
following amounts:
(1) $299,400,000.00 in favor of the Fannie Mae Preferred Class, plus $ __________
in prejudgment interest;
(2) $281,800,000.00 in favor of the Freddie Mac Preferred Class;
(3) $31,200,000.00 in favor of the Freddie Mac Common Class,
for a total judgment in the amount of $612,400,000.00, plus $_____________ in
prejudgment interest;

[Sky6785]

The Parties’ Calculation Of Prejudgment Interest
2. On October 24, 2023, this Court held that Fannie Mae junior preferred shareholders
are entitled to “simple interest on the damage award of $299.4 million, accruing from the date
August 17, 2012 until the date on which judgment is entered, at a fixed rate of 5% over the Federal
Reserve discount rate as of August 17, 2012.” Order at 1.
3. Consistent with the Order, the Parties have agreed to the following calculations of
prejudgment interest to be awarded to Fannie Mae junior preferred shareholders:
Entry Date of
Judgment
Damages
($ millions) Rate1 Prejudgment Interest
($ millions)
11/17/2023 $299.4 5.75% $193.80
11/20/2023 $299.4 5.75% $193.95
11/21/2023 $299.4 5.75% $193.99
11/22/2023 $299.4 5.75% $194.04
11/23/2023 $299.4 5.75% $194.09
11/24/2023 $299.4 5.75% $194.13
11/27/2023 $299.4 5.75% $194.28
11/28/2023 $299.4 5.75% $194.32
11/29/2023 $299.4 5.75% $194.37
11/30/2023 $299.4 5.75% $194.42
12/1/2023 $299.4 5.75% $194.46
12/4/2023 $299.4 5.75% $194.61
1 Prejudgment interest is calculated as fixed simple interest, using 5.0 percent plus the federal funds
rate as of 8/17/2012 (75 basis points).
Case 1:13-mc-01288-RCL Document 408 Filed 11/17/23 Page 2 of 15
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12/5/2023 $299.4 5.75% $194.65
12/6/2023 $299.4 5.75% $194.70
12/7/2023 $299.4 5.75% $194.75
12/8/2023 $299.4 5.75% $194.79
12/11/2023 $299.4 5.75% $194.94
12/12/2023 $299.4 5.75% $194.98
12/13/2023 $299.4 5.75% $195.03
12/14/2023 $299.4 5.75% $195.08
12/15/2023 $299.4 5.75% $195.12
12/18/2023 $299.4 5.75% $195.27
12/19/2023 $299.4 5.75% $195.31
12/20/2023 $299.4 5.75% $195.36
12/21/2023 $299.4 5.75% $195.41
12/22/2023 $299.4 5.75% $195.45
12/25/2023 $299.4 5.75% $195.60
12/26/2023 $299.4 5.75% $195.64
12/27/2023 $299.4 5.75% $195.69
12/28/2023 $299.4 5.75% $195.74
12/29/2023 $299.4 5.75% $195.79
1/1/2024 $299.4 5.75% $195.93
1/2/2024 $299.4 5.75% $195.97
1/3/2024 $299.4 5.75% $196.02
1/4/2024 $299.4 5.75% $196.07
1/5/2024 $299.4 5.75% $196.12
Table 1. Prejudgment Interest to Fannie Mae Preferred Shareholders ($ millions) Through
1/5/2024
4. Table 1 above allows the Court to enter an award of prejudgment interest to Fannie
Mae junior preferred shareholders that corresponds with the date on which the Court enters an
order of final judgment.
B. Proposed Order of Judgment
5. The Order also directed the Parties to submit to the Court a proposed order of final
judgment. Order at 2.
Case 1:13-mc-01288-RCL Document 408 Filed 11/17/23 Page 3 of 15
4
6. The Parties have agreed to certain terms of a proposed judgment, which are
reflected in Exhibit A, except for the paragraph regarding the judgment in favor of Berkley, which
the Class Plaintiffs and Berkley Plaintiffs continue to discuss and hope to resolve soon.
7. The respective positions of Plaintiffs and Defendants on the dispute over whether
a plan of allocation must be approved before a final judgment is entered are set forth below.

[mike_usa]

Thanks Navy.