Fannie Mae Freddie Mac Litigation
Lowey Dannenberg is involved in news-making litigation surrounding the U.S. Treasury’s 2012 decision to strip Fannie Mae and Freddie Mac investors’ interests in billions of dollars in profits. In re Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations, No.1:13-mc-01288 (D .D.C.).
This litigation was featured in a February 15, 2014 N.Y. Times article entitled “The Untouchable Profits of Fannie Mae and Freddie Mac,” which describes the secret injustice to investors that transpired and recent revelations that the government was committed “to ensure existing common equity holders will not have access to any positive earnings.” Read the article here.