FHFA Steps Into Fannie Mae Litigation

Law360, New York (October 21, 2008, 12:00 AM EDT) -- The Federal Housing Finance Agency on Monday moved to intervene in any litigation involving Fannie Mae — the government-sponsored enterprise over which the FHFA claimed conservatorship earlier this year.

In its filing in the U.S. District Court for the District of Columbia, the FHFA asked for a further 120-day stay in securities, derivative and Employment Retirement and Income Security Act litigation pending in the wake of Fannie Mae's collapse.

“As conservator, FHFA has succeeded to 'all rights, titles, powers and privileges' of Fannie Mae, including its...
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