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Those cases, along with several others, have been consolidated.The plaintiffs allege that as holders of preferred stock, they are entitled to periodic dividends and to a liquidation preference. The Sweep Amendment, effectively placing Fannie into liquidation after Fannie became profitable, deprives the plaintiffs of the dividends and liquidation preference they could reasonably expect given Fannie's profits.FHFA's and Treasury's actions were a violation of the Administrative Procedures Action ("APA") as arbitrary and capricious.FHFA as conservator violated its contract with Fannie shareholders, FHFA's duty of good faith and fair dealing, and FHFA's fiduciary duty.The complaints ask the court to issue an injunction setting aside the Sweep Amendment and prohibiting Treasury and FHFA from taking any further action pursuant to the Sweep Amendment.Treasury and FHFA, separately, each filed combined motions to dismiss and motions for summary judgment. Perry and Fairholme then filed a combined cross motion for summary judgment.

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