April 27, 2017
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.
February 16, 2017
Shareholders in Fannie Mae who sued Deloitte & Touche LLP for allegedly botching its audits of the mortgage firm in the lead-up to the financial crisis and its 2008 takeover by the U.S. government asked a Florida federal judge Wednesday to reconsider his decision to freeze them out of the lawsuit, saying he mistakenly concluded that their claims were barred.
January 20, 2017
The Federal Housing Finance Agency took over from Fannie Mae shareholders as the plaintiff in a lawsuit against auditing firm Deloitte & Touche LLP over mortgage-crisis losses after a Florida federal judge found that FHFA, as the conservator of government-sponsored Fannie Mae, has the sole power to bring any claims.