Insurer Securities Suit Against Fannie Mae Revived

Law360, New York (November 25, 2009, 5:27 PM EST) -- A federal judge has said he will reconsider an American National Insurance Co. subsidiary's securities fraud claims against ex-Fannie Mae officers that had been dismissed after being consolidated with a similar class action.

Judge Paul A. Crotty of the U.S. District Court for the Southern District of New York reinstated the complaint Tuesday in an order granting Texas-based Comprehensive Investment Services Inc.'s Oct. 21 motion to reconsider its claims.

The judge dismissed CIS' complaint Oct. 6 after requesting in August that the company show cause as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.