NEW YORK – Fannie Mae, the largest U.S. home funding company, on Tuesday said that eight lawsuits were being prepared or have been filed against it or its officers by investors, generally alleging federal securities law violations.
The company’s regulator last month charged it with misusing accounting to produce steady earnings results and to meet targets that triggered bonuses for top management.
The suits that have been filed are either in the U.S. District Court for the District of Columbia or the U.S. District Court for the Southern District of New York.
For this complete story, please visit Fannie Mae Faces 8 Lawsuits on Accounting.
