Sweeney Grants Fairholme Another Win

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Sweeney Grants Fairholme Another Win
Fannie Mae

I said the other day  I was not sure how she would rule on this. The government objected to Fairholme’s motion and Sweeney ruled today:

ORDER

Plaintiffs in the above-captioned case have filed a motion seeking general leave to file any and all protected information from this case under seal in other litigation challenging the Net Worth Sweep in which plaintiffs appear as parties or amici. Plaintiffs represent that defendant opposes the motion. However, the court need not await a response from defendant; plaintiffs’ motion is meritorious and therefore GRANTED.

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s/ Margaret M. Sweeney

MARGARET M. SWEENEY

Judge

Basically Sweeney has granted Fairholme the right to the to share what is protected and uncovered in discovery with the other courts where the NWS is being challenged…

 

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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