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This memorandum opinion addresses the shareholder derivative lawsuit filed by the Gail C. Sweeney Estate Marital Trust on behalf of Fannie Mae against several defendants including the U.S. Treasury Department, over claims of breach of fiduciary duty, abuse of control, mismanagement, and waste of corporate assets related to the failure to approve the sale of low-income housing tax credits. The court ultimately ruled that only the FHFA, as conservator, has standing to bring action on behalf of...
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Case 113-cv-00206-abj is a legal case filed in a U.S. District Court, typically involving specific litigations or claims between parties, identified by its unique case number.
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