$FNMA #FANNIEGATE
In the joint motion attached to this e-mail message, the parties tell Judge Lamberth fact discovery won't be completed by Apr. 30, 2020. With that in mind, and in light of COVID-19 uncertainty, the parties suggest they propose new deadlines by June 30, 2020, to complete fact discovery, amend pleadings, exchange expert witness reports, submit class certification brief, file and brief summary judgment requests, and schedule a new trial date [more than a year from now].
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Owl Creek argues in the reply attached to this e-mail message there's no indication the delay it requests is indefinite. To the contrary, Chief Judge Sweeney is moving swiftly and it would be more efficient for all appeals from Judge Sweeney's orders to move in lockstep.
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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.