Posts Tagged ‘freddie mac’
The Corporate World - Friday, November 7, 2008 10:07 - 0 Comments
New wave of class actions are being filed in wake of subrime collapse
The subprime mortgage collapse has already triggered a wave of class actions by shareholders who allege that Fannie Mae, Freddie Mac and underwriters hid the true financial health of the two mortgage giants, both now under conservatorship with the U.S. Treasury Department, to boost stock offerings. All the suits make similar allegations and include many of the same Defendants, including Fannie Mae, Freddie Mac, Goldman Sachs & Co., Morgan Stanley, Merrill Lynch, UBS Securities LLC and Wachovia Capital Markets LLC.
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Attorney Jeremy Hancock Cullman, AL was appointed as attorney for tee...
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Thanx....
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