Fairholme Funds, Inc. v. United States, Case No. 13-465C, filed

“Fannie Mae and Freddie Mac are rapidly repaying the Government,” said Bruce R. Berkowitz, Managing Member and Chief Investment Officer of Fairholme Capital Management. “Their success should surprise no one given the value of Fannie and Freddie. Once the Government has recouped its investment, The Fairholme Fund – on behalf of our [taxpaying] shareholders who are predominantly individual Americans with an average investment in the Fund of $43,000 – is owed a contractually specified, non-cumulative dividend for its investment in these companies. As solvent, highly profitable companies, Fannie and Freddie should honor all outstanding obligations to their investors.”

http://www.restorefanniemae.us/21631/fairholme

WHEN
July 09, 2013 at 12pm - July 10, 2013
WHERE
US Court of Federal Claims
717 Madison Pl NW
Washington, DC 20005
United States
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