It's not just the FDIC and Freddie Mac. Hello? They are 223 plaintiffs (3 cities, pension funds, etc.) suing 119 banks, some of them have the same parent company. For instance J.P. Morgan Bank Dublin PLC and J.P. Morgan Markets Ltd, appear jointly with the parent company JPMorgan Chase Bank. This is why the number of banks is swelled.
The reason why in the docket entry with a letter sent to the judge, appears the FDIC and Freddie Mac, is because they share the same attorney: James R. Martin Zelle LLP
Fannie Mae is represented by a different law firm.
But the attorney James R. Martin signs the letter also as Liaison Counsel for the Direct Action Plaintiffs, which means that he was chosen by the judge to represent all the plaintiffs that already had multiple lawsuits dispersed, and have been gathered in this case. This is why he sent a letter to the judge as Liaison counsel, not as attorney for the FDIC and Freddie Mac.
The letter is also signed by another attorney that has formed a class action with other plaintiffs: Co-Lead Counsel for the OTC Plaintiffs and Liaison Counsel for the Class Plaintiffs.
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