U.S. Securities and Exchange Commission v. Syron et al

  1. April 17, 2015

    SEC's Freddie Mac Letdown Underscores Discovery Risks

    The ho-hum conclusion to the U.S. Securities and Exchange Commission's once high-flying case against former Freddie Mac executives offers the agency a painful lesson on how a once clearly stated fraud claim can become muddied and imprecise after years of discovery take their toll.

  2. April 14, 2015

    SEC Settles With Former Freddie Mac Execs

    A New York federal judge on Tuesday signed off on a settlement between the U.S. Securities and Exchange Commission and three former Freddie Mac executives whom the agency accused of making misleading statements about the mortgage giant's exposure to subprime mortgages in the run-up to the financial crisis.

  3. August 07, 2014

    CORRECTED: Ex-Freddie Mac Exec's Atty Says No SEC Settlement Talks

    Counsel for the U.S. Securities and Exchange Commission and three former Freddie Mac executives held a conference Friday in a case alleging they downplayed the mortgage giant's subprime risk before the financial crisis, with one defense attorney saying afterward that the parties were not engaged in settlement talks. (Correction: An earlier version of this story stated that the parties were discussing a possible settlement. The error has been corrected.)

  4. March 29, 2013

    Ex-Freddie Execs Can't Dodge SEC's Subprime Fraud Suit

    The former Freddie Mac CEO and other erstwhile executives lost a bid Thursday to shake off a fraud suit by the U.S. Securities and Exchange Commission when a New York federal judge found the regulator had sufficiently claimed they downplayed the mortgage giant's subprime risk.

  5. August 20, 2012

    Ex-Freddie Mac CEO Pushes To Kill SEC Suit

    A lawyer for the former CEO of Freddie Mac on Monday pushed to dismiss a U.S. Securities and Exchange Commission securities fraud suit, saying he did not mislead investors about the extent of Freddie's subprime holdings.

  6. May 01, 2012

    Ex-Freddie CEO Says SEC Trying To Make Him 'Scapegoat'

    The former CEO of Freddie Mac lashed out at the U.S. Securities and Exchange Commission late Monday, maintaining the agency's fraud allegations were merely an attempt to make him the fall guy for the entire subprime mortgage crisis.

  7. December 16, 2011

    Ex-Fannie, Freddie Execs Look To Disclosures For Defense

    Former executives of Fannie Mae and Freddie Mac facing fraud suits filed Friday by the U.S. Securities and Exchange Commission will seek to prove that the mortgage giants' subprime risk disclosures were robust enough that investors could properly evaluate them — but that could be a tall order, attorneys say.