Question Presented (from Petition)
In 2012, the Government expropriated the net worth of private companies, Fannie Mae and Freddie Mac, by arrogating for itself the Companies' earnings in perpetuity. The Federal Circuit held this "Net Worth Sweep" did not effect a compensable taking because the Government had purportedly eliminated the Companies' "cognizable property interest" in their own earnings and net worth through the enactment of the Housing and Economic Recovery Act of 2008.
The question presented is whether the Government's uncompensated appropriation of these private companies' earnings and net worth through the Net Worth Sweep effects a taking under the Fifth Amendment.
Question Presented (AI Summary)
Whether the Government's uncompensated appropriation of private companies' earnings and net worth through the Net Worth Sweep effects a taking under the Fifth Amendment
2022-11-30
DISTRIBUTED for Conference of 1/6/2023.
2022-11-29
Reply of petitioner Andrew T. Barrett filed. (Distributed)
2022-09-30
Motion to extend the time to file a response is granted and the time is further extended to and including November 9, 2022.
2022-09-29
Motion to extend the time to file a response from October 3, 2022 to November 9, 2022, submitted to The Clerk.
2022-08-08
Motion to extend the time to file a response is granted and the time is extended to and including October 3, 2022.
2022-08-05
Motion to extend the time to file a response from September 1, 2022 to October 3, 2022, submitted to The Clerk.
2022-07-22
Petition for a writ of certiorari filed. (Response due September 1, 2022)
2022-05-12
Application (21A711) granted by The Chief Justice extending the time to file until July 22, 2022.
2022-05-09
Application (21A711) to extend the time to file a petition for a writ of certiorari from May 23, 2022 to July 22, 2022, submitted to The Chief Justice.