$FNMA #FANNIEGATE
Judge Lamberth released a memorandum opinion this afternoon dismissing shareholders' claims for:
-- breach of contract; -- breach of fiduciary duty; -- violation of Delaware and Virginia law;
and ruling that shareholders' claims for:
-- breach of the implied covenant of good faith and fair dealing
survive and will go to trial.
A copy of the decision is attached to this e-mail message. 13-mc-01288-0084
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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.