More Fannie, Freddie Investors Fight Profit-Sweep Ruling

Law360, New York (April 3, 2017, 7:11 PM EDT) -- Fannie Mae and Freddie Mac investors whose class claims against the government-backed mortgage companies were largely thrown out asked the full D.C. Circuit on Friday to fix a panel ruling that could make it harder for the investors to fight for what is left of their case.

The shareholders are one of several groups to have sued Fannie and Freddie for agreeing to a deal that gave the U.S. Department of the Treasury the right to scoop up virtually all their profits in the aftermath of the financial crisis. Most of the investors' claims were dismissed by a federal judge, whose...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS