April 21, 2006

Freddie Mac Settles

Over $400 million was the right way to bet on this week's settlements.

Freddie Mac (NYSE: FRE) has announced the preliminary settlement of the securities class action and related derivative suits pending against the company in the S.D.N.Y. The cases relate to Freddie Mac's restatment of financial results for the years 2000 through 2002. The settlement is for $410 million and includes corporate governance reforms.

Posted by Lyle Roberts at April 21, 2006 7:24 PM | TrackBack
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