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RAFTER et al v. DEPARTMENT OF THE TREASURY et al
Case Number:
1:14-cv-01404
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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January 21, 2015
Feds Can't Stop Pershing From Dropping Fannie-Freddie Suit
A Washington, D.C., federal judge Wednesday nixed the U.S. Department of the Treasury's strategic bid to revive a stockholder lawsuit brought — and later abandoned — by Bill Ackman's Pershing Square Capital Management LP over billions of dollars allegedly misappropriated in the government's takeover of Fannie Mae and Freddie Mac.
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December 22, 2014
Pershing Tangles Over Dismissed Fannie-Freddie Action
Bill Ackman's Pershing Square Capital Management LP argued Monday that the U.S. Department of the Treasury cannot use other Fannie Mae and Freddie Mac stockholders' recent legal defeat as leverage in Pershing's own effort to recoup billions of dollars allegedly misappropriated from the mortgage giants.
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August 18, 2014
Pershing Square Again Sues US Over Fannie, Freddie Profits
Bill Ackman's Pershing Square Capital Management LP sued the Treasury Department and the Federal Housing Finance Agency on Friday for the second time over what it says was a "brazen" plan to misappropriate future profits earned by Fannie Mae and Freddie Mac and effectively change the priority structure of stockholders.