The Federal Housing Finance Agency is taking over for Fannie Mae shareholders as the plaintiff in a lawsuit against accounting firm Deloitte & Touche accusing the company of negligent auditing practices, a move which may ultimately lead to the case's dismissal.
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Supreme Court Rejects Banks’ Petition
The U.S. Supreme Court rejected a petition by several banks hoping to review a May ruling that challenged the statute of limitations on when federal regulators could sue financial institutions.
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