Fannie Mae delivered a response opposing remand to the Delaware Chancery Court to Judge Sleet this afternoon, and a copy of that filing is attached to this e-mail message. Fannie Mae says the federal court is the right court to hear — and dismiss — Mr. Pagliara’s books and records demand. Fannie Mae says that it elected to follow Delaware’s corporate governance practices, but never made Delaware its home.
Fannie Mae tells Judge Sleet that it wants FHFA’s substritution request decided before the court acts on the remand request.
A Declaration by Zi-Xiang Shen, Esq., one of Fannie Mae’s Delaware lawyers, in support of Fannie Mae’s response follows in a separate e-mail transmission.16-00193-0017
Ms. Shen’s Declaration is attached to this e-mail message.16-00193-0018