GSE and Bank of America Granted Dismissals In Lawsuits Brought by Subprime Investors
October 8, 2010
In two separate cases, federal judges dismissed claims against Countrywide and Fannie Mae for misleading investors about their risky subprime loans – a substantial victory in the midst of an avalanche of lawsuits, millions in settlement dollars and no real end in sight. Former Fannie shareholders recently brought a case on behalf of themselves and a class of others that purchased or acquired Fannie common stock and/or options between Nov. 8, 2006, and Sept. 5,…