Wednesday, July 22, 2015

Court Allows Fairholme Access To Fannie Mae Discovery Material: Bove

Court Allows Fairholme Access To Fannie Mae Discovery Material: Bove



http://www.housingwire.com/articles/34550-judge-orders-massive-release-of-fannie-freddie-conservatorship-docs

Judge Margaret Sweeny in the Federal Claims Court in Washington has granted a motion, requested by Fairholme, to make all of the discovery material in its case against the Federal Housing Finance Agency (FHFA) available to the United States District Court of Appeals in Washington D.C. and the United States District Court. This is a big win for Fairholme in this dispute.

It means that what could be over 10,000 documents will be made available to the two D.C. courts. There are two results that could come from this. Judge Royce Lamberth could vacate his earlier ruling against the Fairholme on the basis that he was not provided this information. The Appeals court may decide in Fairholme’s favor on a number of issues given its new access to this material.

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