Industry News

Ohio Attorney General sues Fannie Mae

Alleges securities fraud, seeks class-action status
Published on Nov 22, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Ohio Attorney General Jim Petro has filed a securities fraud, class-action lawsuit against Fannie Mae, alleging the mortgage buyer manipulated its earnings to artificially inflate the price of its common stock. The suit was filed in U.S. District Court, Southern ...