Moreover, they argued that Fannie Mae (OTCBB:FNMA) and Freddie Mac (OTCBB:FMCC) did not guarantee the enforcement of a conservatorship, and both companies did not meet any of the 12 financial and other criteria for a takeover under the Housing and Economic recovery Act of 2008. Gundlach: Long AAPL, Short CMG; Fannie, Freddie Speculative The shareholders through Hagens Berman Sobol Shapiro LLP, a law firm based in Seattle are seeking $41 billion in damages. The government forced Fannie Mae (OTCBB:FNMA) and Freddie Mac (OTCBB:FMCC) to delist their shares, terminate shareholder meetings, assume additional sub-prime assets and "accept tens of billions of dollars from the Treasury.