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Judge Dismisses Hedge Funds’ Fannie, Freddie Lawsuits

FIN Alternatives

A court has blocked a group of hedge funds’ efforts to stop the federal government’s seizure of the profits of Fannie Mae and Freddie Mac.

U.S. District Judge Royce Lamberth in Washington, D.C., dismissed lawsuits filed by hedge funds Fairholme Capital Management and Perry Capital. The funds accused the U.S. Treasury of illegally moving to take all of the mortgage giants’ profits at the expense of their preferred shareholders.

Read full article: Judge Dismisses Hedge Funds’ Fannie, Freddie Lawsuits