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ARTICLE · 28 JUNE 2016

Supreme Court Docket Report - June 28, 2016

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Today, the Supreme Court granted certiorari in four cases of interest to the business community: Federal Jurisdiction—Fannie Mae; Bankruptcy Code—Structured Dismissals; Sherman Act—Conspiracy by Members of a Business Association; Fair Housing Act—Standing

United StatesLitigation, Mediation & Arbitration
Brian Netter
Brian Netter
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Today, the Supreme Court granted certiorari in four cases of interest to the business community:

Federal Jurisdiction—Fannie Mae

Lightfoot v. Cendant Mortgage Corp., No. 14-1055

The Federal National Mortgage Association—better known as "Fannie Mae"—is a quasi-governmental enterprise that operates under a federal charter but that has private owners. Fannie Mae's charter authorizes the entity to sue and be sued "in any court of competent jurisdiction, State or Federal." 12 U.S.C. § 1723a(a). The Supreme Court has agreed to decide whether that provision confers original jurisdiction on the federal courts for any case in which Fannie Mae is a party.

Such sue-and-be-sued clauses arise in a variety of federal statutes, involving individuals and entities such as the Secretary of the Department of Housing and Urban Development and the Federal Home Loan Bank of Boston. The United States filed a certiorari-stage brief taking the position that Fannie Mae's charter does

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