Fannie, Freddie Investors Win Class Cert. For the stock profit suit

By Hailey Konnath (December 8, 2021, 8:52 p.m. EST) – A federal judge in the District of Columbia has blessed three classes of shareholders from Fannie Mae and Freddie Mac accusing the government of wrongly changing the purchase of shares, dividing the classes according to the type of stock involved.

U.S. District Judge Royce C. Lamberth on Tuesday certified three classes of current holders of Fannie Mae and Freddie junior preferred and common stock, or their assigns, as of the date of certification and prior to any final judgment or settlement. The classes have the potential to include thousands of investors, according to a pair of orders granting the …

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Administrative action remains possible before the legal decisions of the GSE (OTCMKTS: FMCC)

PictureLake/E+ via Getty Images Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two conservatories that …