Judge Won't Reconsider Ruling In Freddie Mac Securities Fraud Suit

Judge Won't Reconsider Ruling In Freddie Mac Securities Fraud Suit

NEW YORK - A federal judge in New York on Jan. 7 denied a motion for reconsideration filed by an underwriter defendant in a securities fraud lawsuit charging Ally Financial Inc., its subsidiary and eight underwriters with violations of state and federal securities law in connection with the sale of more than $6 billion in toxic mortgage-backed securities to Freddie Mac (Federal Housing Finance Agency v. Ally Financial Inc., et al., No. 11-7010, S.D. N.Y.).

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