$FNMA #FANNIEGATE
Reminder of the Timeline for the class contract claims litigation (tldr endless delays due to lack of document production... and lawyers blame covid 19).
Lamberth ruled on motion to dismiss 9/28/2018: https://law.justia.com/cases/federal/district-courts/district-of-columbia/dcdce/1:2013cv01053/160910/82/
On October 29, 2018 lawyers from both sides set a trial date of october 19, 2020: http://www.glenbradford.com/2018/10/fnma-fanniegate-798/
delays started happening... in dec. 18, 2019 they said that 650000 pages had been produced by discovery but trial needed to be extended 150 days pushing it into march 2021. http://www.glenbradford.com/2019/12/fnma-fanniegate-904/
june 2020 --- everyone extends everything so trial to commence july 2022 https://www.glenbradford.com/2020/06/fnma-fanniegate-959/
lamberth issued orders for trial to be sooner, like may.. but it all got pushed back.
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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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