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

November 5, 2014

GSE Nationalization and Necessity

By David Reiss

Nestor Davidson has posted Nationalization and Necessity: Takings and a Doctrine of Economic Emergency to SSRN. This essay will be of interest to those following the Fannie/Freddie shareholder litigation. The abstract reads, Serious economic crises have recurred with regularity throughout … Continue reading

October 1, 2014

Big Decision in GSE Litigation

By David Reiss

Regular readers of this blog know that I have written a lot about the shareholder suits arising from the conservatorships of Fannie and Freddie. One of the main cases is being presided over by Judge Lamberth in the District Court … Continue reading

August 26, 2014

Regulating Fannie and Freddie With The Deal

By David Reiss

Steven Davidoff Solomon and David T. Zaring have posted After the Deal: Fannie, Freddie and the Financial Crisis Aftermath to SSRN. The abstract reads, The dramatic events of the financial crisis led the government to respond with a new form … Continue reading

August 15, 2014

Here: Complaint in Louise Rafter et al. v. U.S.

By David Reiss

Here is a copy of the Complaint in Louise Rafter et al. v. U.S., Pershing Square’s Takings case in the U.S. Court of Federal Claims. I will blog about it later, but thought that some might want to see it … Continue reading

August 5, 2014

Offering Opinions About MBS Exposure

By David Reiss

The Tenth Circuit issued an opinion in MHC Mutual Conversion Fund, L.P. v. Sandler O’Neill & Partners, L.P. et al. (No. 13-1016 Aug. 1, 2014). The case concerns a 2009 stock offering by Bancorp. Bancorp was significantly exposed to mortgage-backed … Continue reading

July 18, 2014

GSE Shareholders Taking Discovery

By David Reiss

Judge Sweeney of the Court of Federal Claims issued an Opinion and Order regarding jurisdictional discovery as well as a related Protective Order in the GSE Takings Case brought by Fairholme against the United States.  I had previously discussed the … Continue reading