Things must be getting uncomfortable over at FHFA/Treasury. Plaintiffs from several other suits have filed for access to previously restricted documents from the Fairholme discovery in the $FNMA cases.
As she has regularly, Sweeney ruled in favor of plaintiffs.
Plaintiffs from the Washington Federal, Cacciapalle and Reid cases may now all gain access to all previously protected documents from Fairholme’s (FAITX) discovery efforts and plaintiffs in Cacciapalle are even able to depose additional witnesses that Fairholme did not. Additionally, attorney’s for all three plaintiffs are now able to attend future depositions conducted by Fairholme (Cacciapalle lawyers are able to question witnesses for 1 hour after Fairholme is done).
This is no small thing. The government is getting hit from all sides now and the number of plaintiffs with access to protected documents is mushrooming. This many people cannot hold a secret and word of what is being discovered and its potential ramifications will circulate in Washington putting increasing pressure for settlement on the folks at Treasury/FHFA