New York, NY -- (ReleaseWire) -- 04/08/2013 --Federal National Mortgage Association (OTC:FNMA) (Fannie Mae) provides liquidity and stability support services in the secondary mortgage market in the United States.
Reuters reported that a federal appeals court in New York said on Friday that the Federal Housing Finance Agency can proceed with its lawsuit against UBS AG over mortgage losses at Fannie Mae and Freddie Mac.
In rejecting UBS request to dismiss the case, the 2nd U.S. Circuit Court of Appeals said that FHFA's case was timely because it began within three years after the agency became the conservator for Fannie Mae and Freddie Mac. The 2nd Circuit also said the FHFA had standing to pursue the case.
FHFA was intended to help fix financial troubles at Fannie Mae and Freddie Mac caused by the housing crisis and the plummeting values.
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Green Innovations Ltd. (OTC:GNIN) announced that its wholly-owned subsidiary, Green Hygienics, Inc. has finalized an agreement to acquire the worldwide rights to the Clearly Herbal brand trademarks.
Under terms of the agreement between Green Hygienics and Clearly Herbal International (CHI), Green Hygienics will acquire a 100% interest in the worldwide rights to the Clearly Herbal brand trademarks. In addition, Green Hygienics and CHI will execute a licensing agreement providing CHI the exclusive use of the Clearly Herbal trademarks within the United Kingdom.
"The acquisition of the popular Clearly Herbal trademarks will lift us from the level of product licensee to the level of established brand owner and developer," stated Bruce Harmon, CEO of Green Innovations.
Find out where GNIN could be headed here:
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