Tag Archives: U.S. Court of Federal Claims

In late January, Judge Magaret Sweeney denied the government's attempt to stay court proceedings in the case, ruling that Fairholme could continue to pursue its lawsuit against the government, which was originally filed in 2013. The suit claims that the sweeping of Fannie Mae and Freddie Mac profits into Treasury, a practice authorized by Congress in August 2012, equates to taking private property for public use without "just compensation," which is forbidden by the Fifth Amendment of the U.S. Constitution.

Read More »