Plaintiffs Seek Approval Of $153M Securities Settlement With Fannie Mae, KPMG

Plaintiffs Seek Approval Of $153M Securities Settlement With Fannie Mae, KPMG

WASHINGTON, D.C. - Lead plaintiffs in a securities class action lawsuit against Fannie Mae and accounting firm KPMG LLP on May 7 asked a federal judge to approve a $153 million settlement that would end the lawsuit, which was brought in 2004 (In re: Fannie Mae Securities Litigation, No. 04-01639, D. D.C.).

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