Lawyers behind a class action against mortgage giant Fannie Mae are about to find out what happens when the company you've sued becomes a government ward. Investors filed suit against the publicly traded behemoth in 2004, in the wake of an accounting scandal. Now, more than six months after the Treasury Department's decision to place Fannie Mae in a government conservatorship, many players in the litigation are still wondering how the change will affect their case.
Fannie Mae Takeover Confuses a Class Action
March 24, 2009