January 29, 2015
Krimminger and Calabria on Conservatorships
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 29, 2015 in Class Action Litigation | Permalink | No Comments
December 3, 2014
Reiss on Shakespearean GSE Litigation
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
December 3, 2014 in Class Action Litigation | Permalink | No Comments
November 18, 2014
Carney, Epstein, Macey & Reiss on GSE Litigation
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 18, 2014 in Class Action Litigation | Permalink | No Comments
November 5, 2014
GSE Nationalization and Necessity
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
November 5, 2014 in Class Action Litigation | Permalink | No Comments
October 17, 2014
The Other GSE Conservatorship Lawsuit
While there has been a lot of attention over Judge Lamberth’s ruling on the shareholders’ cases regarding Fannie and Freddie’s conservatorships, much less has been given to Judge Cooke’s dismissal of Samuels v. FHFA (No. 13-22399 S.D. Fla. ) (Sept. … Continue reading
October 17, 2014 in Class Action Litigation | Permalink | No Comments
August 5, 2014
Offering Opinions About MBS Exposure
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
August 5, 2014 in Class Action Litigation | Permalink | No Comments
July 18, 2014
GSE Shareholders Taking Discovery
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
July 18, 2014 in Class Action Litigation | Permalink | No Comments
