MDL Panel Wary Of Consolidating Fannie, Freddie Tax Suits

Law360, New York (September 20, 2012, 7:48 PM EDT) -- A federal judicial panel on Thursday appeared skeptical that consolidating a group of around 40 class action lawsuits alleging Fannie Mae and Freddie Mac failed to pay property transfer taxes related to foreclosures was necessary after a Michigan judge recently dismissed similar claims.

At a hearing of the Judicial Panel on Multidistrict Litigation in Manhattan, several of the seven presiding judges raised questions about whether consolidating the cases was sound policy given that the issue at hand — whether Fannie Mae and Freddie Mac had an...
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