Recent disclosures from the Federal Housing Finance Agency reveal that lawyers representing former Fannie Mae executives Franklin Raines, J. Timothy Howard and Leanne Spencer have received a total of $6.3 million for defending the trio in shareholder suits since Fannie Mae was placed into a conservatorship last year. A close look at court documents indicates that Williams & Connolly, Zuckerman Spaeder and Mayer Brown are the firms representing the three executives.
The New York Times reported last weekend that the FHFA made the legal bills public in response to a request by Democratic congressman Alan Grayson from Florida. Grayson’s office then provided those documents to The Am Law Daily. (The FHFA became Fannie Mae’s new regulator after the passage of the Housing and Economic Recovery Act of 2008.)
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
