Industry News

Freddie Mac settles suit over retirement benefits for $4.65M

Suit alleged scandal hurt workers' 401k plans
Published on Aug 21, 2006

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by CareyBot

Secondary-mortgage-market giant Freddie Mac has agreed to pay $4.65 million to settle a class-action lawsuit over its retirement plan, which was allegedly damaged by the accounting and management scandals that led the company to restate financial results for the years ...