January 29, 2015

Krimminger and Calabria on Conservatorships

By David Reiss

By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading

January 26, 2015

Are Billions Enough?

By David Reiss

Jenner & Block has issued the Citi Monitorship First Report. By way of background, The Settlement Agreement resolved potential federal and state legal claims for violations of law in connection with the packaging, marketing, sale, structuring, arrangement, and issuance of … Continue reading

January 2, 2015

Reiss on Real Estate Cases To Watch In 2015

By David Reiss

Law360 quoted me in Real Estate Cases To Watch In 2015 (behind a paywall). It reads, in part, As the real estate deals market has heated up, so have litigation dockets. And several cases with national or regional importance for … Continue reading

December 29, 2014

GSE Shareholder Litigation Issue

By David Reiss

The NYU Journal of Law & Business has posted a special issue devoted to the GSE shareholder litigation. Here are the links for the the individual articles: The Government Takeover of Fannie Mae and Freddie Mac: Upending Capital Markets with … Continue reading

December 23, 2014

Reiss on Ocwen Settlement

By David Reiss

Law360 quoted me in New York’s Ocwen Deal Sets Tough Precedent For Regulators (behind a paywall). It reads in part, New York regulators ordered Ocwen Financial Corp. to pay $150 million in hard cash and barred the company from claiming … Continue reading

December 3, 2014

Reiss on Shakespearean GSE Litigation

By David Reiss

Fundweb quoted me in Stateside: My Kingdom for a House. It reads in part, History repeats itself. In 1483, Richard III seized the British crown from his 13-year-old nephew on a trumped up legal sophistry.  One justification was to prevent … Continue reading

November 18, 2014

Carney, Epstein, Macey & Reiss on GSE Litigation

By David Reiss

I was on an interesting panel today on the state of the Fannie/Freddie shareholder litigation. Judge Lamberth’s ruling in Perry Capital LLC v. Lew et al. was bad news for the plaintiffs in all of the shareholder suits. The panel … Continue reading