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Christopher Roberts, et al v. FHFA, et al
Case Number:
17-1880
Court:
Nature of Suit:
Government Agencies
-
May 04, 2018
7th Circ. Axes Fannie Mae, Freddie Mac Shareholder Suit
Two Fannie Mae and Freddie Mac shareholders who accused the Federal Housing Finance Agency and the U.S. Department of the Treasury of siphoning the companies' profits into government coffers can't revive their claims, the Seventh Circuit said on Thursday, finding that the two agencies had the statutory authority to do so.
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October 30, 2017
Treasury Stole Fannie Mae, Freddie Mac Stock, 7th Circ. Told
A pair of Fannie Mae and Freddie Mac shareholders asked the Seventh Circuit on Monday to revive their suit against the U.S. Department of the Treasury, claiming the Treasury used the companies' financial struggles to funnel all of their stock's value into government coffers.