Shareholder Challenge Of FHFA Leadership Structure Remanded To District Court

Mealey's (October 11, 2021, 9:15 AM EDT) -- ST. LOUIS — U.S. Supreme Court precedent in Collins v. Yellen supports an argument made by Fannie Mae and Freddie Mac shareholders that a federal district court erred in dismissing their lawsuit challenging the leadership structure of the Federal Housing Finance Agency (FHFA) for lack of standing because the parties in the instant action are similar to those in Collins and allege the same harms, an Eighth Circuit U.S. Court of Appeals panel ruled Oct. 6 in partially reversing and remanding the district court’s ruling....