Conn. Cities Win Class Cert. In Fannie, Freddie Tax Row

Law360, New York (February 8, 2013, 6:30 PM EST) -- A Connecticut federal judge on Wednesday certified a class of municipalities in the state led by the city of Bridgeport in a case against Fannie Mae and Freddie Mac alleging that the government-sponsored mortgage giants dodged property-related excise taxes in real estate deals.

Bridgeport in August filed a putative class action suit against Fannie Mae and Freddie Mac over the tax exemptions, and U.S. District Court Judge Charles S. Haight Jr. on Wednesday said that the plaintiffs had satisfied the federal requirements for class certification and...
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