FAIRHOLME FUNDS, INC. et al., v THE UNITED STATES | Fannie Mae, Freddie Mac Investors Win Round Against Government

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FAIRHOLME FUNDS, INC. et al., v THE UNITED STATES | Fannie Mae, Freddie Mac Investors Win Round Against Government

FAIRHOLME FUNDS, INC. et al., v THE UNITED STATES | Fannie Mae, Freddie Mac Investors Win Round Against Government

Fortune –

Government ordered to turn over thousands of documents.

Investors challenging the legality of the government’s effective nationalization of Fannie Mae and Freddie Mac in August 2012 appear to be making some headway with at least one of the two key trial judges presiding over the sprawling, $130 billion litigation stemming from that event.

In an 81-page ruling unsealed Monday evening, Court of Federal Claims judge Margaret Sweeney ordered the U.S. Treasury Department to turn over 11,000 documents that shed light on why it took that extraordinary action—rejecting every single invocation of privilege over them that had been asserted by the Treasury, the Federal Housing Finance Agency (FHFA), and the White House.

[FORTUNE]

H/T Dave Krieger for this opinion

10-3-16-sweeney-order-granting-fairholme-motion-to-compel

Down Load PDF of This Case

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