Fannie Mae Shareholders Sue Over FHFA, Treasury Dividends

Law360, New York (August 6, 2013, 2:08 PM EDT) -- More shareholders sued Fannie Mae and its government backers Monday over dividends the now-recovered housing giant has paid out, accusing the U.S. Treasury of illegally seizing Fannie Mae's profits and cutting out private investors completely. 

A group of shareholders who hold Series S and Series T preferred stock — which is behind the senior, controlling stock the Treasury holds following Fannie Mae's 2008 bailout, but ahead of the junior preferred stockholders who also sued the government recently and common stockholders — have accused the Treasury of...
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