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 Investor lawsuits | Permalink | No Comments
April 22, 2014
Reiss on Hedge Funds’ GSE Strategy
American Banker quoted me in Everything Lenders Need to Know About GSE Shareholders’ Lawsuits (behind a paywall, but available in full here). It reads in part, A powerful group of shareholders is amplifying attacks on housing finance reform legislation as … Continue reading
April 22, 2014 in Investor lawsuits | Permalink | No Comments
April 21, 2014
“Lies, Damned Lies, and Statistics”
Judge Chesler issued an Opinion in The Prudential Insurance Company of America et al. v. Bank of America, National Association et al., No. 13-1586 (Apr. 17, 2014), deciding the motion to dismiss the Complaint. Claims relating to fraud, a theory … Continue reading
April 21, 2014 in Investor lawsuits | Permalink | No Comments
April 9, 2014
GSE Litigation Through Corporate Law Lens
Adam Badawi and Anthony Casey have posted The Fannie and Freddie Bailouts Through the Corporate Lens to SSRN. The paper takes a look at the bailouts as if they were simple insolvent private firms. This is a helpful thought experiment … Continue reading
April 9, 2014 in Investor lawsuits | Permalink | No Comments
March 28, 2014
Tough Row to Hoe for Frannie Shareholders
Inside Mortgage Finance quoted me in a story, GSE Jr. Preferred Shareholders Have a Tough ‘Row to Hoe’ in Winning Their Lawsuits (behind a paywall). It reads, Expect a long and winding legal road to resolution of investor lawsuits challenging … Continue reading
March 28, 2014 in Investor lawsuits | Permalink | No Comments
March 6, 2014
Reiss on Fannie/Freddie Suits
Bloomberg BNA quoted me in No Basis for Discovery by GSE Investors, Treasury Department, FHFA Memos Say. It reads [Reproduced with permission from BNA’s Banking Report, 102 BBR 417, 3/11/14. Copyright 2014 by The Bureau of National Affairs, Inc. … Continue reading
March 6, 2014 in Investor lawsuits | Permalink | No Comments
March 3, 2014
Fannie and Freddie Boards: Caveat Fairholme
Fairholme Capital Management has sent stern letters to the the boards of Fannie Mae and Freddie Mac (the letters are essentially the same). Fairholme’s funds have millions of common and preferred shares in the two companies and Fairholme has taken … Continue reading
March 3, 2014 in Investor lawsuits | Permalink | No Comments
