A District Court judge ordered the Treasury Department to produce all documents attached to subpoenas. He also asked the Treasury to produce a log of any documents withheld based on an assertion of privilege.

The case hinges on whether the single-director structure of FHFA is unconstitutional.

Even though the two companies have paid Treasury about $250 billion over seven years, most of that was interest. They may still owe nearly $118 billion in principal.

A lawsuit claimed Fannie is “governmental body” because it was created by Congress and is currently under conservatorship.

The Washington State Supreme Court has revived FHLB Seattle’s lawsuits against Credit Suisse and Barclays over crisis-era RMBS.

The shareholders want the SCOTUS to reverse the sweep. They argue that if the FHFA is unconstitutional, then all of its actions were illegal.

The agency reached a settlement with Simone Grimes, who had accused her former boss, then-FHFA Director Mel Watt, of sexual harassment.

On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.

According to court filings, between 2009 and 2016, the trading desks at the defendant banks conspired to inflate prices.