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Home » GSE Shareholders Persist After Judge Dismisses ‘Sweep’ Lawsuit
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GSE Shareholders Persist After Judge Dismisses ‘Sweep’ Lawsuit

October 3, 2014
Attorneys for disenfranchised GSE shareholders have already filed a notice to appeal this week’s surprise dismissal by a Washington, DC, federal judge of the lawsuits challenging the Treasury Department’s 2012 “net-worth sweep” of nearly all profits generated by Fannie Mae and Freddie Mac. However, a legal expert notes that the ruling by Judge Royce Lamberth of the U.S. District Court for the District of Columbia makes a tall order even taller for investors taking on the government.
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