Investors Unite Responds to Judge’s Decision Against Shareholders in Fannie Mae, Freddie Mac Shareholder Lawsuit
- October 1, 2014
FOR IMMEDIATE RELEASE
Contact: [email protected]
WASHINGTON, DC — In response to District Court Judge Royce Lamberth’s decision today to dismiss the Perry Capital and Fairholme Funds lawsuits against the U.S. Government for their illegal taking of Fannie and Freddie profits, Tim Pagliara, Executive Director of Investors Unite, issued the following statement:
“Investors Unite doubts that Congress ever intended for the conservatorship to lead to nationalization of the GSEs with no compensation for shareholders. We disagree with Judge Lamberth’s decision and we look forward to reviewing what comes out of discovery in the Fairholme trial.”
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (www.investorsunite.org) is a coalition of nearly 1,000 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.