Month: August 2018

The Fifth Circuit has directed FHFA and Treasury to respond to the Collins Plaintiffs’ rehearing request by Aug. 27, and a copy of the Clerk’s letter to the parties is attached…

The government says it needs 14 more days to respond to Fairholme’s motion to amend its complaint that added an illegal exaction claim, and a copy of that unopposed filing…

Wazee Street Opportunities Fund IV LP, Douglas Whitley, and Lisa Brown, owning more than 1.6 million shares of GSE common stock, filed a class action lawsuit yesterday in the U.S.…

Perry Capital LLC, which owns both junior preferred stock and common shares in the GSEs, filed a lawsuit in the U.S. Court of Claims. “The Net Worth Sweep has resulted…

683 Capital amended its complaint pending before Judge Sweeney to add The Mangrove Partners Master Fund, Ltd., CVI Opportunities Fund I, LLLP, Capital Ventures International, CVI Opportunities Fund II, LLLP,…

CRS Master Fund, L.P., Cyrus Opportunities Master Fund II, Ltd., Cyrus Select Opportunities Master Fund, Ltd., and Crescent 1, L.P., owning more than $230 million of junior preferred stock at…

Owl Creek, Appaloosa, Akanthos, CSS, and Mason Capital want Judge Sweeney to enter a Third Amended Protective Order that will include them in the definition of “Parties” to ensure that…

Three Highfields Capital partnerships, which own both junior preferred and common shares in both GSEs, filed a lawsuit in the U.S. Court of Federal Claims yesterday.  A copy of the…

Any recapitalization would require the existing balance of Senior Preferred Stock to be deemed to be repaid (e.g., payments in excess of the original 10% contractual rate be treated as…

17-20364-00514582948 The Collins Plaintiffs have asked the Fifth Circuit for a larger number of judges to review the three-judge panel’s decision finding that FHFA is unconstitutionally structured and upholding the Net…