Thanks for sharing Imbellish. Don't know if I am reading it right. It appears that the government wants to use this case, including all previous rulings, as precedent for future cases. They see something that they can use to their advantage.
There are a lot of smart people here. Please share your thoughts. (CBS: Please click on the link Imbellish provided and read it before voicing your opinion.)
More or less a motion for a retrial saying they believe there was insufficient legal evidence to come to the verdict that they unanimously got. Hopefully this is easy to squash so we can all get paid and move on with our lives.
Never say "govt motion". A Wall Street law firm represents the FHFA in court. ARNOLD & PORTER KAYE SCHOLER LLP Wall Street law firm means that its clients are Wall Street firms. Also, FHFA, an independent agency of the Federal Govt and sued as conservator of two private corporations. Anyway, as Federal Agency, the government is vicariously liable for all its actions and the DOJ foots the bill.
This is why we cannot trust this Wall Street law firm when it requests to submit a motion for Judgment as a Matter of Law (JMOL) under Rule 50(b), which is the prior Judgment Notwithstanding the Verdict (JNOV). Primarily because the deadline has passed:
Secondly, it doesn't mean that they want to change the final judgment already filed, but simply, the want to create expectations of it. What they will file are the same briefs already filed with the felony of Making False Statements for the coverup of many statutory provisions and financial concepts (Restriction on capital distributions, etc.) What they seek is to maintain always something open in the U.S. courts. Some brief that needs to be addressed and would hinder a swift administrative resolution.
This was a frivolous lawsuit brought by the FHFA and the hedge funds acting in concert, and the parties are very happy with the outcome (the fiction of damages for breach of an "implied in fact contract claim", leading to fat bonuses for the attorneys and back dividends for the Non-Cumulative dividend JPS)
This is more of the LAW & ORDER TV series by the Fanniegate attorneys. The art of deception.
Hi Imbellish. Thanks for the link. It looks like they are challenging whether or not the plaintiffs were properly certified as a class and entitled to bring a class action?