[FNMA and FMCC preferreds. In search of the elusive 10 bagger.]

14 hours ago, Wiggins said:

10 jurors were selected today. Likely they will all be sworn in and one is an alternate, so one will be dismissed if all 10 are there at the time of verdict and 9 will make the decision. This is a civil trial, so the jury does not have to agree unanimously. They just have to reach consensus according to the foreman they will select. Any damages paid to shareholders would be from the GSEs themselves.

Thank you. I didn't know that. If the shareholders win any damages, will all GSE shareholders receive a payment from the GSEs or only those who are plaintiffs in the case? And any thoughts on the range of plausible damages that might actually get awarded?

[FNMA and FMCC preferreds. In search of the elusive 10 bagger.]

Judge Lamberth's opinion was unsealed (see attached) the other day. Does anyone know (1) whether any damages would be paid directly to shareholders or to the companies and (2) what a plausible range of damages would be, given the theory of damages the judge has allowed to go forward?

2022-09-23 opinion re. motions for summary judgment.pdf

[FNMA and FMCC preferreds. In search of the elusive 10 bagger.]

11 minutes ago, Midas79 said:

Wiggins is correct above: the remedy in Lamberth's court would be based on par value and simple interest, not dividend rate.

Thanks. Why do you think the remedy in the Lamberth court would be based on par value (plus interest) and not dividends?

[FNMA and FMCC preferreds. In search of the elusive 10 bagger.]

Does anyone know what the remedy in the "implied covenant of good faith and fair dealing" case before Judge Lamberth is likely to be if the shareholders win? Would it be unwinding of the Third Amendment, some amount of compensation paid directly to the shareholders, or something else? And any idea how the amount of any compensation awarded to the common and jr. preferred shareholders would be calculated by the court (what would the court base the amount of the award on)?