Progress for GSE Shareholders, Discovery Documents Released
July 31, 2015
The U.S. Court of Federal Claims Court ordered the U.S. Treasury to release all discovery documents pertaining to the conservatorship of Fannie Mae and Freddie Mac last week in connection with the Fairholme Funds v. The United States case. In a move forcing the U.S. Treasury to release all discovery documents pertaining to the GSE conservatorship, a court ruling last week is a rare legal victory for Fannie Mae and Freddie Mac investors. Attorneys for Fairholme believe that the government is deliberately stonewalling, making it more difficult to get a true understanding of the events and decisions leading up to the third amendment sweep.