Fannie Mae: Perry Files Appeal Berkowitz “To Continue On” by Todd Sullivan, ValuePlays
In The United States District Court For The District Of Columbia
PERRY CAPITAL LLC,
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
JACOB J. LEW, in his official capacity as the Secretary of the Department of the Treasury, Edward Demarco, in his official capacity as Acting Director of the Federal Housing Finance Agency, DEPARTMENT OF THE TREASURY, and FEDERAL HOUSING FINANCE AGENCY,
Civil Action No. 1:13-cv-1025-RCL
Notice Of Appeal
Notice is hereby given this 2nd day of October, 2014, that Perry Capital LLC appeals to the United States Court of Appeals for the District of Columbia Circuit from: (1) the Memorandum Opinion (Dkt. No. 51) entered on September 30, 2014; (2) the Order Granting Defendants’ Motions to Dismiss and Denying Plaintiffs’ Cross-Motion for Summary Judgment (Dkt. No. 52) entered on September 30, 2014; (3) the Order Denying Motion for Supplementation of the Administrative Record, Limited Discovery, Suspension of Briefing on the Defendants’ Dispositive Motions, and a Status Conference (Dkt. No. 53) entered on September 30, 2014; and (4) all other orders and rulings adverse to Perry Capital LLC in this case.
Dated: October 2, 2014
/s/ Theodore B. Olson
Theodore B. Olson, SBN 367456
Douglas R. Cox, SBN 459668
Matthew D. McGill, SBN 481430
GIBSON, DUNN & CRUTCHER LLP
1050 Connecticut Avenue, N.W.
Washington, D.C. 20036
Janet M. Weiss (Pro Hac Vice)
GIBSON, DUNN & CRUTCHER LLP
200 Park Avenue
New York, N.Y. 10166
Attorneys for Plaintiff Perry Capital LLC
Fairholme receiving inquiries about District Court decision regarding Fannie Mae and Freddie Mac
FAIRHOLME FUNDS, INC.
October 1, 2014
A MESSAGE FROM BRUCE BERKOWITZ
Dear Fellow Shareholders,
Fairholme has been receiving inquiries about yesterday’s D.C. District Court decision regarding Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). I want to make sure that all shareholders have the relevant facts.
While we strongly disagree with the court’s conclusions, we remain steadfast in our belief that – at a minimum – shareholders are due just compensation for the Taking that has occurred.
That is, the D.C. District Court judge is either wrong or the law is unconstitutional – the issue is now quite simple.
In this respect, our ongoing litigation in the Court of Federal Claims seeks to remedy this matter.
We will continue to pursue our legal rights with the same conviction held in our other G-SIFIs (global systemically important financial institutions) – American International Group Inc (NYSE:AIG) and Bank of America Corp (NYSE:BAC) – deemed essential to our way of life.
Fairholme Funds, Inc.
The Funds’ investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling Shareholder Services at 1-866-202-2263 or visiting our website www.fairholmefunds.com. Read it carefully before investing.
Fairholme Distributors, LLC (10/14)