Mealey's Litigation Procedure - Judge Dismisses Connecticut City's Class Action Suit Seeking Transfer Taxes

Mealey's Litigation Procedure - Judge Dismisses Connecticut City's Class Action Suit Seeking Transfer Taxes

NEW HAVEN, Conn. - A federal judge in Connecticut on April 22 dismissed a class action suit brought by the city of Bridgeport, Conn., on behalf of all municipalities within the state, seeking an order requiring the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corp. (Freddie Mac) and Federal Housing Finance Agency (FHFA) to pay transfer taxes from the sales of real property, after finding that the defendants are exempt from paying transfer tax (City of Bridgeport, et al. v. Federal National Mortgage Association, et al., No. 12-cv-1218, D. Conn.; 2014 U.S. Dist. LEXIS 55509).

Find full version on lexis Advance®
Access this news story on lexis.com®