A University of Virginia School of Law professor examines the possibility of the government asserting executive privilege by withholding documents related to the GSE Net Worth Sweep.
Read More »Is Government’s Defense in Fairholme Suit Valid?
The government claimed in 2012 that the GSEs were financially weak. Newly unsealed depositions may contradict this, however.
Read More »Fairholme Demands the Government Turn Over Documents in GSE Profit Suit
Fairholme Funds, one of the GSEs' largest investors, is requesting that the government turn over documents that Fairholme says are being unlawfully withheld in regards to the sweep of GSE profits into Treasury.
Read More »Fairholme CEO: ‘Common Sense Solution Will Prevail’ in Battle Over GSE Profits
One of the largest GSE investors, Fairholme Funds sued the government in 2013 over the sweeping of GSE profits into Treasury. The lawsuit is still pending.
Read More »Newspaper Files Motion to Unseal Depositions in Fairholme GSE Profits Lawsuit
The newspaper has asked the Court to remove the protected information tag from the depositions of Edward DeMarco, who was the director of the Federal Housing Finance Administration from 2009 to 2014, and Mario Ugoletti, who was a senior official with the U.S. Department of Treasury in 2008 when the government bailed out Fannie Mae and Freddie Mac at a combined price of $187.5 billion.
Read More »Status Conference for Investors’ Lawsuit Over GSE Profits Scheduled for March 31
A status conference for a lawsuit filed by Wall Street investment firm Fairholme Funds against the government over the sweeping of GSE profits into the U.S. Department of Treasury is scheduled for Tuesday, March 31, according to a spokesperson in the chambers of U.S. Court of Federal Claims Judge Margaret Sweeney.
Read More »Investor Says His Company Has Made ‘Considerable Progress’ In GSE Funds Lawsuit
One week after a U.S. Federal Court of Claims Judge ruled that his company's lawsuit against the government over its use of GSE profits could continue, Fairholme Funds CEO Bruce Berkowitz addressed investors on a conference call Tuesday morning, telling them that his company, one of the GSEs' biggest investors, has made "considerable progress" in its lawsuit against the government.
Read More »GSE Investors Gain Victory in Court of Federal Claims
A U.S. Court of Federal Claims judge ruled on Wednesday that lawsuits brought about by Wall Street investors in Fannie Mae and Freddie Mac can continue, according to media reports.
Read More »Judge Dismisses Investors’ Claims in GSE Profits Lawsuits
A judge in the U.S. District Court for the District of Columbia dismissed claims investors made against the federal government regarding the distributing of GSE profits, according to a report by Reuters.
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