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CITY OF BRIDGEPORT v. FEDERAL NATIONAL MORTGAGE ASSOCIATION

Civil Action File No. 3:12-cv-1218 (CSH).

CITY OF BRIDGEPORT, a body politic of the State of Connecticut, on behalf of itself and all others similarly situated, Plaintiff, v. FEDERAL NATIONAL MORTGAGE ASSOCIATION, a federally chartered private corporation; FEDERAL HOME LOAN MORTGAGE CORPORATION, a federally chartered private corporation; and FEDERAL HOUSING FINANCE AGENCY, as conservator for FEDERAL NATIONAL MORTGAGE ASSOCIATION and FEDERAL HOME LOAN MORTGAGE CORPORATION, Defendants.

United States District Court, D. Connecticut.

April 22, 2014.

Attorney(s) appearing for the Case

City of Bridgeport, Plaintiff, represented by Anthony J. Musto , Law Office of Anthony J. Musto & Don Springmeyer , Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP.

Federal National Mortgage Association, a private corporation, Defendant, represented by Mark S. Gregory , Martin LLP & Jill L. Nicholson , Foley & Lardner LLP, IL.

Federal Home Loan Mortgage Corporation, a private corporation, Defendant, represented by Mark S. Gregory , Martin LLP & Michael J. Ciatti , King & Spalding LLP.

Federal Housing Finance Agency, Defendant, represented by Michael Johnson , Arnold & Porter LLP.

RULINGS ON DEFENDANTS' MOTION TO DISMISS FIRST AMENDED COMPLAINT AND PLAINTIFF'S CROSS-MOTION FOR PARTIAL SUMMARY JUDGMENT

CHARLES S. HAIGHT, Senior District Judge.

Throughout the United States, upon the sale of real property state or local laws require the seller to pay a transfer tax to the government involved. For the individual seller, the transfer tax is sufficiently modest to be no more than a nuisance. But if over time hundreds...

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