Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInFederal Government Takes Over Fannie Mae and Freddie Mac
US Treasury Secretary Henry Paulson announced today that the federal government was taking control of Fannie Mae (FNM) and Freddie Mac (FRE). The Associated Press reports that the top executives of both companies have already been replaced, with Herb Allison, a former vice chairman of Merrill Lynch, now heading up head Fannie Mae, and David […]
U.S. Attorney O’Brien (C.D. Cal.) May Bring Subprime Cases
Thomas O’Brien, the U.S. Attorney for Central District of California who recently closed out the long-running case against law firm Milberg Weiss with prison sentences for several high-profile lawyer defendants, is now the likely prosecutor in criminal cases related to the U.S. mortgage meltdown. Reuters reports that according to SEC filings, O’Brien, a former radar […]