skeptic, you ask for a legitimate explanation. I have a theory. Freddie Mac common shares are in the count for the distribution of the settlement money. I wonder how many counterfeit shares are possibly outstanding and the powers that be don't know how to handle it without exposure.
The Emergency Order
On July 15th 2008, The Securities and Exchange Commission (“SEC”) issued an emergency order to enhance investor protections against "naked" short selling in the securities of Fannie Mae, Freddie Mac, and primary dealers at commercial and investment banks.
The graph below of Freddie Mac demonstrates how the announcement of the emergency rule had a dramatic impact upon securities lending activity – an impact that all the SEC 19 shares underwent to a greater or lesser extent.
I'm not sure why there is this idea that there is a delay in Lamberth's ruling.
There is no delay because it is moving on schedule.
Literally in the proposed order, he states - Final decision requires an allocation plan - Plaintiffs need to submit it. - Defendants need to agree/appeal