Investors Unite to Hold Briefing on New Paper by UVA Professor on Misuse of Executive Privilege in Fannie, Freddie case

WASHINGTON, May 17, 2016 /PRNewswire/ -- On Thursday, May 19^th at 10:30 EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference featuring law professor Saikrishna Prakash who will discuss his new analysis of the government's efforts to conceal deliberations related to the Net Worth Sweep.

The government's historic and broad assertion of varying forms of executive privilege has emerged as a matter nearly as controversial as the Sweep itself. Saikrishna Prakash is the James Monroe Distinguished Professor of Law and Horace W. Goldsmith Research Professor at the University of Virginia School of Law. Prakash, who has previously written about the use of executive privilege in this case, has authored a white paper, The Government's Seizure of Private Property Behind a Veil of Secrecy, which surveys the legal struggle to bring the government's decision making process into the light of day and explains why the government's efforts to keep some 12,000 documents from public view cannot withstand legal scrutiny.

"Transparency is essential for a healthy democracy," said Pagliara. "Professor Prakash brings great insight into why the government's assertion of executive privilege is far too broad when it comes to the legal challenges of the Net Worth Sweep and why it should be rejected by judges in this litigation."  

To join the teleconference or to receive an advance copy of the paper, please RSVP to [email protected].

WHO: Tim Pagliara, Investors Unite Executive Director and CapWealth Advisors Chairman and CEO

Saikrishna Bangalore Prakash James Monroe Distinguished Professor of Law and Horace W. Goldsmith Research Professor at the University of Virginia School of Law

WHAT: IU Member Update Call on Executive Privilege

WHEN: Thursday, May 19, 2016 at 10:30am EDT

DIAL IN: (800) 230-1951

RSVP: Please RSVP to [email protected]

About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.

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SOURCE Investors Unite

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