October 19, 2022
A D.C. federal jury on Wednesday repeatedly heard witnesses read portions of a Federal Housing Finance Agency 2008 FAQ sheet about the government's bailout of Fannie Mae and Freddie Mac as shareholders sought to establish the deal's original intent, which they claim the U.S. Treasury strayed from later by sweeping up the companies' net worth.
October 18, 2022
Fannie Mae and Freddie Mac shareholders told a D.C. federal jury Tuesday they are seeking $1.6 billion in damages from the Federal Housing Finance Agency, alleging it improperly amended stock purchasing agreements to allow the U.S. Treasury to sweep up the companies' net worths.
October 14, 2022
Fannie Mae and Freddie Mac shareholders can present at a trial starting Monday internal U.S. Department of the Treasury documents they claim support their class action allegation that the government improperly tweaked stock purchasing agreements to allow it to sweep up the companies' net worths, a D.C. federal judge has ruled.
September 23, 2022
A D.C. federal judge on Friday partially granted Fannie Mae and Freddie Mac summary judgment on the remaining claim in a class action alleging the government misstepped when tweaking stock purchasing agreements allowing it to "sweep" the companies' net worth.
December 08, 2021
A District of Columbia federal judge has given his blessing to three classes of Fannie Mae and Freddie Mac stockholders accusing the government of wrongfully tweaking stock purchasing agreements, divvying the classes up based upon type of stock at issue.
September 30, 2014
A District of Columbia federal judge on Tuesday threw out a class action and three individual lawsuits brought against the U.S. Department of the Treasury and the Federal Housing Finance Agency for altering stock purchasing agreements and sweeping profits from Fannie Mae and Freddie Mac to the Treasury.