Investors Unite Teleconference: Update on Oral Arguments and Unsealed Documents
- April 25, 2016
On Tuesday, April 26th at 2:00pm EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference to update Investors Unite members on how recent developments should strengthen Fannie Mae and Freddie Mac shareholders’ legal challenge of the Net Worth Sweep.
The discussion will feature a summary of the April 15th oral arguments presented in the appeal of U.S. District Judge Royce Lamberth’s 2014 dismissal of Fairholme Funds Inc.’s suit. Participants will also provide analysis of how documents unsealed by U.S. Court of Federal Claims Judge Margaret Sweeney just prior to oral arguments have greatly eroded the credence of the government’s assertion that Fannie Mae and Freddie Mac were in a “death spiral” at the time the Sweep was announced.
Pagliara will be joined by Hamish Hume, one of the attorneys who argued on behalf of plaintiffs, who will provide first-hand insights on the impact these recent developments could have in subsequent steps in the litigation.
“The newly unsealed documents enabled plaintiff’s counsel to make an even more compelling case that the Sweep was a clear violation of law and an unconstitutional taking of private property,” said Pagliara.
To join the teleconference, please RSVP to [email protected].
WHO: Tim Pagliara, Investors Unite Executive Director and CapWealth Advisors Chairman and CEO
Hamish Hume, Partner, Boies, Schiller and Flexner LLP
WHAT: IU Member Update Call on Recent Oral Arguments and Unsealed Documents
WHEN: Tuesday, April 26, 2016 at 2:00pm EDT
DIAL IN: (877) 876-9177; PASSCODE: 92483
RSVP: Please RSVP to [email protected]
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 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.