Bank Execs, Directors Seek Exit From FHFA Mortgage Suits

Law360, New York (August 15, 2013, 1:11 PM EDT) -- Directors and officers of several large banks facing lawsuits from the Federal Housing Finance Agency over alleged false statements on mortgage securities sold to Fannie Mae and Freddie Mac asked a judge on Tuesday to dismiss claims against them because they did not sign relevant documents.

The approximately 80 officers and directors of banks including JPMorgan Chase & Co., Barclays Bank PLC, Bank of America Corp., Goldman Sachs & Co. and Credit Suisse AG said in a memorandum filed in federal district court in New York...
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