Fannie, Goldman Beat Some Claims In Subprime Mortgage Suit

Law360, New York (August 31, 2012, 3:27 PM EDT) -- A New York federal judge on Thursday trimmed claims against Fannie Mae, its former brass and several underwriters including Goldman Sachs in multidistrict litigation alleging they misled investors about their management of subprime mortgage risks.

U.S. District Judge Paul A. Crotty granted the defendants' motions to dismiss Comprehensive Investment Services Inc.'s claims that they misstated Fannie Mae's core capital financials through accounting fraud and “shenanigans” for lack of evidence.

“CIS has not shown that [Fannie Mae] committed any [generally accepted accounting principles] violation, that the governing...
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