GSE stockholders awarded $612M by jury in conservatorship case

After a decade of judicial back and forth, Fannie Mae and Freddie Mac (GSEs) stockholders were awarded $612 million by a jury.

A three-week trial resulted in the jurors finding the Federal Housing Finance Agency improperly amended stock purchase agreements and “shortchanged” stockholders $27 billion when it transferred ownership shares to the U.S. in 2012.

Read on for more details.