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Investors Unite Executive Director Tim Pagliara Responds to Iowa Court Ruling on Fannie Mae and Freddie Mac

FOR IMMEDIATE RELEASE                                                                 [email protected] 
February 3, 2015                                               

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Investors Unite Executive Director Tim Pagliara Responds to Iowa Court Ruling on Fannie Mae and Freddie Mac

WASHINGTON – Today, in response to an Iowa Court’s Dismissal of a case brought against the United States Treasury and the Federal Housing Finance Agency by Continental Western Insurance Company, Investors Unite Executive Director Tim Pagliara had this to say:
 
“This ruling changes nothing.  The judge did not rule on any substantive claims brought by investors.  This was simply a procedural ruling about the standing of the plaintiffs in Iowa.  There are other streams of litigation that will continue unaffected by this ruling.”

About Investors Unite: Formed by Tennessee activist investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (www.investorsunite.org) is a coalition of over 1,400 individual Fannie Mae and Freddie Mac shareholders from all walks of life, committed to the preservation of shareholder rights for all invested in the GSEs. 

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