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With Split Decision in Appeals Court, Shareholders Should Continue to Press their Rights

Tuesday, February 21, 2017

Today’s split decision by a three-judge federal appeals panel on the legality of the Net Worth Sweep should not be seen as the end of shareholders’ quest for justice.  The judges directed U.S. District Court Judge Royce Lamberth to reconsider important portions of the case and plaintiffs can still appeal today’s decision to the U.S. […]

Investors Unite: D.C. Circuit Acknowledges Shareholders have Direct Contract Rights

Tuesday, February 21, 2017

FOR IMMEDIATE RELEASE February 21, 2017 [email protected] Investors Unite: D.C. Circuit Acknowledges Shareholders Have Direct Contract Rights WASHINGTON – Investors Unite Founder Tim Pagliara released the following statement in response to today’s decision by the D.C. Circuit Court of Appeals: “We are pleased that the D.C. Circuit acknowledged that shareholders have direct contract rights which […]

Could Latest Fannie and Freddie Earnings Releases Signal a Halt to Sweep?

Friday, February 17, 2017

With the latest quarterly/full-year earnings releases of Fannie Mae and Freddie Mac, it is easy to regard the news with a sense of “here we go again” – more earning snatched up by Treasury.  But maybe not. Could the two home finance giants be on the verge of retaining their earnings? On Thursday,  Freddie Mac announced […]

Latest Documents Confirm Government Scheme to Snag GSE Profits

Thursday, February 16, 2017

Here we go again. More documents and more evidence that government officials were saying one thing and thinking another with regard to the Net Worth Sweep. Newly released documents demonstrate that just prior to implementing the so-called Net Worth Sweep to the Fannie Mae/Freddie Mac conservatorship in the summer of 2012, Treasury officials fully expected the […]

Court Affirms Burden on Government to Hand Over Most Documents in Fairholme Suit

Monday, January 30, 2017

Shareholders can welcome a Federal Appeals Court ruling today that largely backed U.S. Court of Federal Claims Judge Margaret Sweeney’s refusal to sanction the government’s insistence on secrecy over a trove of documents related to the Net Worth Sweep. The U.S. Court of Appeals for the Federal Circuit ruled Monday, January 30, that the government […]

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