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Tag Archives: Fairholme Funds

Newspaper Files Motion to Unseal Depositions in Fairholme GSE Profits Lawsuit

The newspaper has asked the Court to remove the protected information tag from the depositions of Edward DeMarco, who was the director of the Federal Housing Finance Administration from 2009 to 2014, and Mario Ugoletti, who was a senior official with the U.S. Department of Treasury in 2008 when the government bailed out Fannie Mae and Freddie Mac at a combined price of $187.5 billion.

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Status Conference for Investors’ Lawsuit Over GSE Profits Scheduled for March 31

A status conference for a lawsuit filed by Wall Street investment firm Fairholme Funds against the government over the sweeping of GSE profits into the U.S. Department of Treasury is scheduled for Tuesday, March 31, according to a spokesperson in the chambers of U.S. Court of Federal Claims Judge Margaret Sweeney.

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Investor Says His Company Has Made ‘Considerable Progress’ In GSE Funds Lawsuit

One week after a U.S. Federal Court of Claims Judge ruled that his company's lawsuit against the government over its use of GSE profits could continue, Fairholme Funds CEO Bruce Berkowitz addressed investors on a conference call Tuesday morning, telling them that his company, one of the GSEs' biggest investors, has made "considerable progress" in its lawsuit against the government.

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GSE Investors Gain Victory in Court of Federal Claims

A U.S. Court of Federal Claims judge ruled on Wednesday that lawsuits brought about by Wall Street investors in Fannie Mae and Freddie Mac can continue, according to media reports.

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Judge Dismisses Investors’ Claims in GSE Profits Lawsuits

A judge in the U.S. District Court for the District of Columbia dismissed claims investors made against the federal government regarding the distributing of GSE profits, according to a report by Reuters.

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