2 Ex-Fannie Execs Can't Escape Risk Claims

Law360, New York (April 15, 2011, 6:11 PM EDT) -- A New York federal judge on April 11 declined to revisit his ruling allowing retirement fund plaintiffs to proceed with class action claims that Fannie Mae's former CEO and former chief risk officer misled them about the mortgage giant's risk profile in relation to several stock offerings.

Former CEO Daniel H. Mudd and former CRO Enricho Dallavecchia failed to cite any new evidence in support for their motion for reconsideration, Judge Paul A. Crotty ruled in the multidistrict litigation in the U.S. District Court for the...
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