Companies Mentioned

Federal National Mortgage Association

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Summaries
Securities Law >
New Judicial Opinions

DC Circuit Upholds Dismissal of Derivative Suit Against Fannie Mae Executives
Fannie Mae is a federally chartered corporation authorized by Congress in 1934 and created in 1938. Initially established as a public entity, Fannie Mae was privatized in 1968. Fannie Mae thus has shareholders, directors, and officers like other non-governmental corporations. Opinion, p. 3. Fannie Mae’s mission is to increase affordable…
Date of ruling:
07/31/2008