Fannie Mae Plaintiffs Want KPMG Wells Notice Info

Law360, New York (February 3, 2010, 12:54 PM EST) -- The plaintiffs in the sprawling Fannie Mae securities litigation have asked a federal judge to force KPMG LLP to produce details on Wells notices issued against its employees and any replies from the accounting firm.

According to a motion filed Tuesday in the U.S. District Court for the District of Columbia, KPMG employees Mark Serock, Kenneth Russell and Harry Argires were ordered by counsel not to answer questions about whether the U.S. Securities and Exchange Commission had issued Wells notices, letters sent by securities regulators informing...
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