$810M for GSE shareholders

WASHINGTON — A federal court in Washington, D.C., issued a final judgment allocating the $810 million in damages awarded to a class of shareholders who sued Fannie Mae, Freddy Mac and the Federal Housing Finance Agency, which amended stock purchase agreements in a way that diluted the value of the investors’ preferred shares and common shares.

Read the ruling here.

Categories / Briefs, Financial, Government, Securities

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