High Court Says Fannie Mae Has Limited Path To Fed. Court

Law360, Minneapolis (January 18, 2017, 10:55 AM EST) -- The nation's high court on Wednesday reversed a Ninth Circuit ruling that found Fannie Mae can remove state suits to federal court, striking a blow to Fannie, which has argued that its charter allows it to bring suits to federal courts.

Fannie Mae, which is currently involved in tens of thousands of cases in state courts, has lost its U.S. Supreme Court battle to move those suits into federal court. (Law360)

In her unanimous opinion on Wednesday, Justice Sonia Maria Sotomayor said that Fannie still has a road to federal court but does not get an automatic pathway through its charter....

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