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Mike SP

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Mar 24, 2018, 1:16:10 AM3/24/18
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In the News
Friday March 23rd 2018
New filing in the Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations, click here to view.
Peter Chapman writes, "FHFA, Fannie and Freddie filed their reply memorandum in support of their motion to dismiss the cases pending before Judge Lamberth this evening. FHFA concedes nothing in its reply. Shareholders should have anticipated the Third Amendment, FHFA tells Judge Lamberth[, because FHFA can do whatever it wants to do]. For that and other reasons, FHFA says it owes shareholders nothing, contractually or otherwise. FHFA urges Judge Lamberth to dismiss the amended complaints, in toto, with prejudice."

Jeff Wood

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Mar 24, 2018, 9:08:16 AM3/24/18
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Yes, Virginia, there is a Santa Claus. Known jointly as shareholders.

seysmont

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Mar 24, 2018, 1:36:47 PM3/24/18
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I'm not a lawyer, but does this address the contractual claims? Because I just understand logic and this is no logic here. Granted, the judge doesn't seem to use logic either, but this is really grade school tier change of subject.
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