With several cases underway involving Fannie Mae and Freddie Mac, Investors Unite hosted a status update teleconference in which one legal scholar referred to the Fairholmes case as an “open scandal” because of the government’s refusal to make the documents surrounding the case public.The three cases discussed included Fairholmes Fund v. The United States, Perry Capital Inc. v. Lew, and an individual shareholders suit in Iowa. Both RichardEpstein, NYU law professor and a senior lecturer at the University of Chicago, and Matthew McGill, partner with Gibson, Dunn and Crutcher, who is representing Perry Capital in its lawsuit and subsequent appeal, questioned the government’s secrecy in these cases. “The Obama administration has pledged to be the most open, and they have completely failed in this regard,” said Epstein.