$FNMA #FANNIEGATE
The Fisher and Reid Plaintiffs advise they intend to seek en banc review in the Federal Circuit, file a petition for a writ of certiorari in the U.S. Supreme Court, or both. A copy of yesterday's filing stating that is attached to this e-mail message.
The Patt Plaintiffs agreed to voluntarily withdraw their lawsuit, and a copy of the filing memorializing that is attached to this e-mail message.
The Quinn Plaintiffs advised yesterday that notwithstanding the U.S. Supreme Court's decision to decline review of the Fairholme decision, they "intend to amend their complaint and further pursue their claims in this case." The Quinn Plaintiffs intend to file an amended complaint by Fri., Apr. 14; the government will move to dismiss on Fri., June 16; and briefing on the dismissal request will wrap up on Fri., July 28. A copy of the parties' joint status report outlining this new course for Judge Sweeney is attached to this e-mail message.
683 Capital agreed to voluntarily withdraw their lawsuit, and a copy of the filing memorializing that is attached to this e-mail message.
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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.