Media Teleconference at 2:00 p.m. ET Wednesday, September 11 on Fifth Circuit Court Strike Down of Net Worth Sweep
- September 9, 2019
Media Teleconference at 2:00 pm ET Wednesday, September 11 on Fifth Circuit Court Strike Down of Net Worth Sweep
On Wednesday, September 11, 2019 at 2:00 p.m. ET, Investors Unite will hold a teleconference to update Investors Unite members and the media on the most recent legal development in the Fifth Circuit Court, specifically the court’s opinion in Collins vs. FHFA released late last week.
The discussion will feature a summary of the court’s 123-page opinion, where the court affirms that under the Administration Procedures Act the Net Worth Sweep is unconstitutional, and also finds that the structure of the Federal Housing Finance Agency (FHFA) is an unauthorized breach of the Constitution.
Investors Unite Executive Director Tim Pagliara will be joined by David Thompson, one of the attorneys representing plaintiffs in Collins vs. FHFA. Participants will provide insight in to what this ruling means for shareholders moving forward as well as how this may affect the Administration’s intent to reform the government sponsored enterprises (GSEs) 11 years after the financial crisis.
To join the teleconference, please RSVP to [email protected]
To ensure you are on the line in time for the start of the call, please be sure to dial in at least 10 minutes ahead of the scheduled start time.
What: Investors Unite Collins vs. FHFA Legal Updates Teleconference
When: Wednesday, September 11, 2019 at 2:00 p.m. ET
Dial In:; Conference ID: 66354
RSVP: Please RSVP to [email protected]
About Investors Unite: Formed by Tennessee investor and CapWealth Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 2,000 individual 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.