Judge Orders Treasury to Release GSE Discovery Documents in Fairholme Case
July 31, 2015
The U.S. Court of Federal Claims ordered the Department of the Treasury to release all discovery documents pertaining to the conservatorship of Fannie Mae and Freddie Mac last week in connection with one of the shareholder lawsuits challenging the government’s seizure of earnings generated by the two government-sponsored enterprises. The ruling in Fairholme Funds v. The United States prevents the Treasury from withholding documents it argued are privileged and designated as “protected information.” The shareholders said...