Defendant Name:
Federal National Mortgage Association
Defendant Type:
Public Company
Document Reference:
LR-22201
Document Details
Legal Case Name
Non-Prosecution Agreement with Federal National Mortgage Association
Document Name
SEC Charges Former Fannie Mae and Freddie Mac Executives with Securities Fraud
Document Date
20-Dec-2011
Document Format
Civil Proceeding
Case Number
NPA
Federal District Court
New York, Southern District of New York
Federal District Judge
Carter
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 20, 2011, the SEC announced that it charged Federal National Mortgage Association and three of its former executives Daniel Mudd, Enrico Dallavecchia, and Thomas Lund with "securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans."
Disgorgement & Penalty Information
Resolutions
Non-Prosecution Agreement