Plaintiffs Drop Antitrust Suit Over G-Fees

Law360, New York (June 30, 2009, 12:00 AM EDT) -- A proposed class of plaintiffs has dropped its lawsuit accusing Fannie Mae and Freddie Mac of collaborating, instead of competing, when setting guarantee fees associated with backstopping against loan defaults.

Judge Richard W. Roberts of the U.S. District Court for the District of Columbia signed an order of dismissal on Friday. The case was dismissed without prejudice, meaning it could potentially be refiled if Fannie and Freddie ever leave the conservatorship.

Each party will bear its own costs and attorneys' fees.

The plaintiffs had survived a...
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