This website provides information and updates related to In Re: Fannie Mae Securities Litigation, C.A. No. 1:04-CV-01639, a consolidated securities fraud class action pending before Judge Richard J. Leon in the U.S. District Court for the District of Columbia.

The complaint against Fannie Mae - also known as Federal National Mortgage Association - was filed on behalf of purchasers of the publicly traded common stock or call options and sellers of the publicly traded put options of Fannie Mae during the class period who were damaged thereby. The Court has established the Class Period to run from April 17, 2001 through December 22, 2004.

The Ohio Public Employees Retirement System (OPERS) and State Teachers Retirement System of Ohio (STRS) are lead plaintiffs in the case, which accuses the defendants of violating federal securities laws by intentionally violating accounting rules and/or engaging in other misconduct to distort Fannie Mae's financial results and deceive investors. Fannie Mae finances one out of every five American home mortgage loans.

This site was created by Lead Counsel Waite, Schneider, Bayless & Chesley Co. L.P.A. For more information or questions about the case, please contact us.