June 18, 2014
S&P Must Face The Orchestra on Rating Failure
After many state Attorneys General brought suit against S&P over the objectivity of their ratings, S&P sought to consolidate the cases in federal court. Judge Furman (SDNY) has issued an Opinion and Order in In Re: Standard & Poor’s Rating … Continue reading
June 18, 2014 in Class Action Litigation | Permalink | No Comments
June 2, 2014
More on GSE Litigation
Inside Mortgage Finance did a longer story on the GSE litigation that profiled my take on it, Expert: GSE Shareholder Suits at ‘Early Stage’ of a Long Process; Litigation No Barrier to Dissolution, Says Group. Look for the various lawsuits … Continue reading
June 2, 2014 in Class Action Litigation | Permalink | No Comments
May 30, 2014
Reiss on GSE Litigation
Inside Mortgage Finance profiled me in Legal Expert: GSE Shareholder Plaintiffs, U.S. Want ‘Total’ Victory (behind a paywall). It reads, Look for the various GSE shareholder lawsuits against the federal government to take a “very long time to be decided” … Continue reading
May 30, 2014 in Class Action Litigation | Permalink | No Comments
May 22, 2014
Reiss in Bloomberg Industries Q&A on Frannie Litigation
Bloomberg Industries Litigation Analyst Emily Hamburger interviewed me about The Government as Defendant: Breaking Down Fannie-Freddie Lawsuits (link to audio of the call). The blurb for the interview is as follows: As investors engage in jurisdictional discovery and the government … Continue reading
May 22, 2014 in Class Action Litigation | Permalink | No Comments
May 21, 2014
The Government Takeover of Fannie and Freddie
Richard Epstein has posted a draft of The Government Takeover of Fannie Mae and Freddie Mac: Upending Capital Markets with Lax Business and Constitutional Standards. The paper addresses “the various claims of the private shareholders, both preferred and common, of … Continue reading
May 21, 2014 in Class Action Litigation | Permalink | No Comments
May 15, 2014
Stealing Fannie and Freddie?
Jonathan Macey and Logan Beirne have posted a short working paper, Stealing Fannie and Freddie, to SSRN. It advocates a position similar to that taken by the plaintiffs in the GSE shareholder litigation. They argue, Politicians are running rough-shod over … Continue reading
May 15, 2014 in Class Action Litigation | Permalink | No Comments
May 8, 2014
Reiss on Bloomberg Terminals regarding GSE Litigation
I was quoted on the Bloomberg Terminals (behind a very expensive paywall!) on May 6th about the Fannie and Freddie litigation: Even if the Junior Preferred Shareholders get the Court to void the Third Amendment to the PSPA, they cannot … Continue reading
May 8, 2014 in Class Action Litigation | Permalink | No Comments
