Perry Capital, LLC, et al. v. Jacob J. Lew, Secretary of the Treasury, et al.
Perry Capital, LLC, et al. v. Jacob J. Lew, Secretary of the Treasury, et al., No. 14-5243 (consolidated with Nos. 14-5245, 14-5260, 14-5262) (D.C. Cir.) (lead counsel for FDIC as amicus curiae) (FDIC filed an amicus brief refuting the position of the class-plaintiff shareholders and federal Housing Finance Agency (FHFA) that FDIC as receiver or conservator is not protected by sovereign immunity because it is not an agency of the United States; in a class action suit by institutional investors and shareholders of Freddie Mac and Fannie Mae alleging that the FHFA breached its fiduciary duty in imposing a net worth sweep whereby all earnings of Freddie and Fannie are diverted to the Department of the Treasury in connection with preferred stock purchased by Treasury in 2008).
Practice area(s): Government