Perry Capital LLC v. Lew, Case No. 13-1025, filed

"This lawsuit seeks to uphold the rule of law," said Theodore Olson, partner at Gibson, Dunn & Crutcher and former Solicitor General of the United States. "HERA established very specific rules about the government's limits and obligations under conservatorship. Investors had every right to expect these rules to be followed. If the government wanted to assume the powers of receivership, it could have chosen that course. Instead it chose conservatorship, and with the Sweep Amendment it overreached, exceeding the legal boundaries of the statute and failing to meet obligations of conservatorship mandated by Congress under HERA."

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July 07, 2013 at 12pm - July 08, 2013
The United States District Court for the District of Columbia
333 Constitution Ave NW
Washington, DC 20001
United States
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