Posted in Uncategorized

Fannie Mae, Freddie Mac: Shareholders File Lawsuit In Delaware

Another lawsuit has been filed against the federal government by two GSE shareholders alleging that the Net Worth Sweep is illegal under Delaware and Virginia corporate law. The write-up in Politico Pro (subscription paywall) noted that while the GSEs are “are chartered under federal law, investors are pointing out state bylaws apply to their corporate […]

https://justiceleaguetaskforce.wordpress.com/2015/08/19/fannie-mae-freddie-mac-shareholders-file-lawsuit-in-delaware/

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