We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fannie Investors Can't Revive Suit Against Deloitte

Law360, New York (April 27, 2017, 9:11 PM EDT) -- A Florida federal judge on Thursday rejected a request by Fannie Mae shareholders to reconsider his decision to kill their lawsuit against Deloitte & Touche LLP, saying they waited too long to raise a new argument and cited irrelevant case law.

The shareholders, who blame Deloitte for bad analysis that led to Fannie’s federal bailout, asked U.S. District Judge Robert Scola Jr. last month to reconsider his decision to replace them as plaintiffs with the Federal Housing Finance Agency after he concluded that a 2008 bailout law only gave the government the power to sue on behalf of Fannie itself, a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Florida Southern

Nature of Suit

Banks and Banking

Judge

Subscribers Only

Date Filed

April 6, 2016

Law Firms

Companies

Government Agencies