http://www.law360.com/ Latest articles for organization: Fannie Mae Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135443 The Ohio attorney general has targeted the three leading ratings agencies with allegations of wreaking havoc on the U.S. financial markets by providing unjustified and inflated ratings of asset-backed securities in exchange for lucrative fees from securities issuers. http://www.law360.com/articles/135443 http://www.law360.com/articles/134216 A bankruptcy judge has signed off on a Chapter 11 liquidation plan for real estate-related securities investment firm 2008 Asset Holding Corp. that allows the company to pay back only 1 percent to 2 percent of its $112 million in debt. http://www.law360.com/articles/134216 http://www.law360.com/articles/134061 Lehman Brothers Holdings Inc. has asked a district court in Maryland to disqualify a law firm from representing defendant Mortgage and Equity Funding Corp. in a breach of contract lawsuit in which MEFC is accused of shirking its obligation to buy back mortgage loans Lehman found problematic. http://www.law360.com/articles/134061 http://www.law360.com/articles/133420 Four New York homeowners have filed a purported class action alleging that Aurora Loan Services LLC improperly denied their applications for modifications of their mortgages under the federal Home Affordable Modification Program. http://www.law360.com/articles/133420 http://www.law360.com/articles/133294 A former federal judge has been appointed special master to oversee discovery disputes between Fannie Mae and its former auditor KPMG LLP in multidistrict litigation stemming from the mortgage giant's 2004 accounting scandal. http://www.law360.com/articles/133294 http://www.law360.com/articles/132027 Fannie Mae benefit plan committee members have asked a federal judge to dismiss a consolidated proposed class action alleging they violated the Employee Retirement Income Security Act by investing in Fannie Mae stock, saying the plan did not give them discretion to alter investments. http://www.law360.com/articles/132027 http://www.law360.com/articles/130234 Commercial real estate financing company Capmark Financial Group Inc. and more than 40 of its affiliates have filed for Chapter 11 bankruptcy protection, citing falling values of Capmark's commercial loan portfolios, the tightening of credit markets and a heavy debt burden. http://www.law360.com/articles/130234 http://www.law360.com/articles/128130 Fannie Mae's conservator, the Federal Housing Finance Agency, has won its bid to intervene as a defendant in consolidated securities litigation against the government-sponsored enterprise. http://www.law360.com/articles/128130 http://www.law360.com/articles/124249 Mortgage giant Freddie Mac plans to sell $1 billion in securities through the reopening of 2.125 percent three-year reference notes, the government-sponsored enterprise announced Thursday. http://www.law360.com/articles/124249 http://www.law360.com/articles/123677 Fannie Mae's former auditor KPMG LLP has urged a federal judge to enforce a document subpoena on the firm administering a $350 million settlement fund created by the mortgage giant to resolve civil fraud charges, saying the documents have a direct bearing on issues in a multibillion-dollar securities class action. http://www.law360.com/articles/123677 http://www.law360.com/articles/122563 A former Fannie Mae executive who's under fire in a securities suit against the government-sponsored enterprise has asked a judge to force the Federal Housing Finance Agency to produce documents that she argues will show that the defendants' alleged misuses of a complex accounting standard were "honest mistakes." http://www.law360.com/articles/122563 http://www.law360.com/articles/121412 Bankrupt 2008 Asset Holding Corp., a real estate-related securities investment firm that was managed by financial advising company GSC Group, will pay back only 1 to 2 percent of its $112 million in debt, according to a Chapter 11 reorganization plan filed in federal court. http://www.law360.com/articles/121412 http://www.law360.com/articles/120398 Capmark Financial Group Inc. has agreed to sell its servicing and mortgage banking business for $490 million to a joint entity of Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp., possibly through a Chapter 11 filing, to offset losses following the real estate market's collapse. http://www.law360.com/articles/120398 http://www.law360.com/articles/120208 The U.S. Securities and Exchange Commission has asked for more time to respond to a petition and subpoena calling on its former chief accountant to testify in a suit brought by investors alleging Fannie Mae made misleading financial statements. http://www.law360.com/articles/120208 http://www.law360.com/articles/119415 Investors suing Fannie Mae over allegedly misleading statements it made in 2004 have asked a federal judge to order the testimony of Donald Nicolaisen, chief accountant of the U.S. Securities and Exchange Commission at the time. http://www.law360.com/articles/119415 http://www.law360.com/articles/117173 The Pension Benefit Guaranty Corp. announced Tuesday that it had assumed responsibility for an underfunded pension plan covering almost 1,900 workers and retirees of IndyMac Bancorp Inc. unit IndyMac Bank FSB. http://www.law360.com/articles/117173 http://www.law360.com/articles/114731 As the credit crisis eases and capital returns to U.S. financial institutions, a Canadian banking attorney offers some advice for American lenders and borrowers: Learn to be boring, says Robert Elliott of Fasken Martineau. http://www.law360.com/articles/114731 http://www.law360.com/articles/110277 As the market for clean energy technology grows and the financial stakes increase, it will be important for cleantech innovators to adopt and follow through on intelligent strategies for developing and protecting their intellectual property, say Rodger A. Sadler, Chi Cheung and Rich Martinelli of Orrick Herrington & Sutcliffe LLP. http://www.law360.com/articles/110277 http://www.law360.com/articles/112631 Mortgage insurer Radian Group Inc. has reached an agreement with bond insurer Ambac Assurance Corp. to drop reinsurance coverage for a $9.8 billion portfolio of Ambac mortgage-backed securities business. http://www.law360.com/articles/112631 http://www.law360.com/articles/111299 Citigroup Inc. has lost the latest round in a legal tussle over its failed bid to acquire Wachovia Corp. last year, with a judge denying its attempt to derail a suit seeking declaratory judgment that Wachovia's eventual merger with Wells Fargo & Co. was valid. http://www.law360.com/articles/111299