$FNMA #FANNIEGATE
PwC delivered its Response opposing remand of the Edwards Plaintiffs' lawsuit to state court, and a copy of that filing (excluding Exhibits A through Q, which are copies of 1996 through 2007 Offering Circulars) is attached to this e-mail message. PwC argues that federal court is the right place for this lawsuit because federal law controls. Besides, PwC adds, GSE shareholders have no rights since FHFA stepped into their shoes. PwC suggests that Judge Moreno doesn't need to read anything other than HERA to dispose of the remand request.16-cv-21224-0037
Deloitte opposes remanding the Edwards Plaintiffs' lawsuit to state court, and a copy of that filing is attached to this e-mail message. Federal law is controlling, Deloitte says, and urges Judge Scola to rule on FHFA's substitution request before considering the shareholders' remand request.16-cv-21221-0040
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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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