Frustrated Judge Orders Treasury, FHFA to Produce Additional Docs
September 30, 2016
Federal Claims Court Judge Margaret Sweeney appears to be annoyed with the government’s executive privilege pleas and ordered the U.S. Treasury Department and Federal Housing Finance Agency to turn over another heap of documents in a prominent GSE shareholder case. Some see this as a possible legal coup for Fannie Mae and Freddie Mac shareholders in the Fairholme Funds Inc. v. United States, et al. net worth sweep case. The agencies have attempted to keep the documents, containing various memos, emails, presentations and other communications, tucked away under executive privilege. But last week, Sweeney, once again, made it mandatory that the government agencies produce more documents, close to 60 this time, for the plaintiff’s attorneys.