Fannie/Freddie Consolidated Class Action
Judge Lamberth entered an order yesterday allowing the jury to learn about Dr. Attari's Bond Event Study and telling shareholders they can cross-examine him or present competing expert testimony, and a copy of that order is attached to this e-mail message.
FHFA, Fannie and Freddie submitted a filing yesterday explaining why their proposed jury instruction about the 10% cash dividend and 12% PIK penalty is correct, and a copy of that document is attached to this e-mail message.
Judge Lamberth's courtroom deputy made a notation on the docket yesterday relating Jill Belack was the final witness for shareholders and they rested their case. FHFA, Fannie and Freddie began their defense by presenting testimony from James Lockhart, III (by video deposition), Tim Mayopolous (by video deposition) and Ross Kari (deposition read into the record). The trial will continue at 10:00 a.m. this morning.
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.