$FNMA #FANNIEGATE shoutout to how much lamberth sucks
The Saxton Plaintiffs filed their Response with the JPMDL this afternoon, and a copy is attached to this e-mail message. The Saxton Plaintiffs oppose FHFA's transfer and consolidation request because (i) the facts in their case differ from the cases Judge Lamberth dismissed and (ii) they don't believe Judge Lamberth would give their lawsuit fair consideration. The Saxton Plaintiffs support Ms. Robinson's selection of the Eastern District of Kentucky as a transferee district rather than the Districts of Columbia or Delaware, observing that Judge Thapur in Kentucky is far more expeditious than Judge Lamberth in D.C. resolving cases on his docket. The Saxton Plaintiffs echo Ms. Robinson's advice not to consolidate their cases with the Delaware and Virginia cases because those shareholders' cases are rooted in state law.MDL 2713-0019
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
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.
More in Fanniegate
Keep Exploring
Fanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read moreCurrent Positions
26 series of junior preferred stock across Fannie Mae and Freddie Mac.
Read moreFannie & Freddie Privatization Guide
Timeline, recap plan, and what privatization means for preferred and common shareholders.
Read moreScreenplayFANNIEGATE: The Hero Movie
One guy from Indiana who bet everything on Fannie Mae and wouldn't shut up. Full screenplay.
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.