Monday July 16 2018
Junior preferred shareholder-plaintiff Josh Angel released a paper following FHFA, Fannie and Freddie’s filing of their motion to dismiss his lawsuit. In this paper, Mr. Angel outlines his reasoning that the GSEs’ preferred shares had and still have an implicit federal government guaranty of payment and sets the stage for a response he’ll file by the Sept. 10 deadline. A copy of Mr. Angel’s paper may be viewed here.
Friday July 13 2018
New filing in Collins vs. FHFA, click here to view.
Peter Chapman writes, “FHFA delivered a copy of the order Judge Schiltz entered dismissing the Bhatti Plaintiffs’ lawsuit to the Fifth Circuit.”
New filing in Jacobs vs. FHFA, click here to view.
Peter Chapman writes, “The Third Circuit has tentatively scheduled oral argument in Jacobs v. FHFA on Sept. 5, 2018, in Philadelphia, but might be rescheduled for another day that week. ”
New filing in Bhatti vs. FHFA, click here to view.
Peter Chapman writes, “Judge Schiltz entered his order dismissing the Bhatti Plaintiffs’ lawsuit this past week. The Bhatti Plaintiffs have filed a notice of appeal indicating they will ask the Eighth Circuit (where the Saxton case is currently pending) to review the decision.”
New filings in Angel vs. Fannie Mae, et al.
Peter Chapman writes, “FHFA delivered two motions to the U.S. District Court yesterday:
A) A request to have Mr. Angel’s lawsuit transferred from Judge Boasberg to Judge Lamberth. A copy of the request may be viewed here.
B) a motion to dismiss Mr. Angel’s lawsuit, saying that his claims are time-barred, there is no implicit guaranty, and claims can’t be asserted against the GSEs’ directors. A copy of the Read More