Fannie Mae Shielded From Firing Claims By Conservatorship

Law360, New York (July 17, 2012, 8:04 PM EDT) -- A Washington federal judge tossed three claims for punitive damages in a wrongful termination suit against Fannie Mae on Friday, saying the claims could not stand as long as the failed mortgage giant is in conservatorship.

U.S. District Judge Rosemary Collyer’s decision came two months after she threw out a First Amendment claim on the grounds that Fannie Mae is a private entity, not a government actor, in a former Fannie Mae vice president's lawsuit.

The Federal Housing Finance Authority, as the conservator for Fannie Mae,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

HERRON v. FANNIE MAE et al


Case Number

1:10-cv-00943

Court

District Of Columbia

Nature of Suit

Civil Rights: Jobs

Judge

Rosemary M. Collyer

Date Filed

June 8, 2010

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.