Connect with us

Hi, what are you looking for?

Jewish Business News


Bill Ackman Drops One Fannie Mae Suit, Move Probably only Temporary

Bill Ackman facebook

Bill Ackman’s Pershing Square Capital Management filed a notice of voluntary dismissal for its Fannie Mae lawsuit in DC District Court last Friday, while another Ackman lawsuit, in the Court of Federal Claims, is still active, Value Walk reported.

Last month, US District Judge Royce Lamberth threw out Perry Capital’s and Fairholme Fund’s cases, to the chagrin of Fannie Mae and Freddie Mac shareholders. Both plaintiffs are appealing.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Ackman’s case hasn’t yet been thrown out by Judge Lamberth, but he’s very likely to do it, seeing as Ackman’s case is identical to the former two. Value Walk suggests Ackman decided to drop the suit because he wants to avoid a lengthy appeals process. So dropping the suit could be a tactical move, not good bye.

Ackman might be reacting to Justice Department lawyers who have argued that the DC District Court Judge should halt the Fairholme case until after the appeals have played themselves out since, since the two lawsuits practically overlap. So that by dropping his case in the DC District Court, Ackman is avoiding being handled the same way by the government.

However, if Ackman has actually decided to abandon the Fannie Mae suit entirely, this could be big for anyone invested in the government-sponsored enterprise (GSE).



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.