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Court Throws Out Lawsuits Related to Fannie Mae, Freddie Mac Profits

Wall Street Journal, By Joe Light

A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae FNMA -6.60%  and Freddie Mac FMCC -7.37%  after the financial crisis.

A judge in the U.S. District Court for the District of Columbia dismissed claims brought against the federal government and U.S. officials for sending nearly all profits generated by Fannie Mae and Freddie Mac to the U.S. Treasury, a sweep which began last year.

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