Mealey's Securities/D&O Liability - Barclays Bank Reaches $280M Settlement In Fannie, Freddie Lawsuits

NEW YORK - Barclays Bank PLC and certain of its affiliates will pay $280 million to settle claims with the Federal Housing Finance Agency (FHFA) in two related lawsuits alleging that Barclays and its affiliates misrepresented the investment quality of certain residential mortgage-backed securities they sold to Fannie Mae and Freddie Mac in violation of state and federal securities laws, according to court documents released on April 24 (Federal Housing Finance Agency v. Barclays Bank PLC, et al., No. 11-6190, S.D. N.Y.; and Federal Housing Finance Agency v. Ally Financial Inc., No. 11-7010, S.D. N.Y.).

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