Too Late For Agency To Join Fannie Suit, Plaintiff Says

Law360, New York (May 17, 2011, 4:42 PM EDT) -- The Federal Housing Finance Agency is trying to delay a fired contractor's $1.2 million wrongful termination suit in Washington against Fannie Mae, the plaintiff said Tuesday in a bid to block the agency from intervening or staying the case.

Caroline Herron, a Washington resident, asked U.S. District Judge Rosemary M. Collyer to stop the agency — the troubled Fannie Mae's conservator — from joining the case, arguing the FHFA has known about the case for more than a year, yet waited until May 12 to ask...
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