Fannie Mae Shielded From Firing Claims By Conservatorship

Law360, New York (July 17, 2012, 8:04 PM EDT) -- A Washington federal judge tossed three claims for punitive damages in a wrongful termination suit against Fannie Mae on Friday, saying the claims could not stand as long as the failed mortgage giant is in conservatorship.

U.S. District Judge Rosemary Collyer’s decision came two months after she threw out a First Amendment claim on the grounds that Fannie Mae is a private entity, not a government actor, in a former Fannie Mae vice president's lawsuit.

The Federal Housing Finance Authority, as the conservator for Fannie Mae,...
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