Fannie Mae 2008 Annual Report Download - page 73

the Exchange Act, the complaint also alleges that they violated the Florida Deceptive and Unfair Trade
Practices Act. The plaintiff seeks damages, interest, costs, attorneys’ fees, and injunctive and other unspecified
equitable relief. On February 11, 2009, the Judicial Panel on Multidistrict Litigation transferred this case to
the U.S. District Court for the Southern District of New York.
Crisafi v. Merrill Lynch, et al.
On September 16, 2008, Nicholas Crisafi and Stella Crisafi, Trustees FBO the Crisafi Inter Vivos Trust, filed a
securities class action complaint in the U.S. District Court for the Southern District of New York against
former officers and directors Stephen B. Ashley, Robert J. Levin, Daniel H. Mudd and Stephen Swad, as well
as underwriters Citigroup Global Markets, Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan
Stanley & Co., Inc., UBS Securities LLC and Wachovia Capital Markets LLC. Fannie Mae was not named as
a defendant. The complaint was filed on behalf of purchasers of Fannie Mae’s Series T Preferred Stock, from
May 13, 2008 to September 6, 2008. The complaint alleges that the defendants violated Sections 10(b) (and
Rule 10b-5 promulgated thereunder) and 20(a) of the Exchange Act. The plaintiffs seek compensatory
damages, including interest, and costs and expenses, including attorneys’ and experts’ fees.
Fogel Capital Mgmt. v. Fannie Mae, et al.
On September 18, 2008, Fogel Capital Management, Inc. filed a securities class action complaint in the
U.S. District Court for the Southern District of New York against Fannie Mae and certain current and former
officers and directors. The complaint’s factual allegations and claims for relief are based on purchases of
Fannie Mae’s Series S Preferred Stock, but the plaintiff purports to bring the suit on behalf of purchasers of
all Fannie Mae securities from November 9, 2007 through September 5, 2008. The complaint alleges that the
defendants violated Sections 10(b) (and Rule 10b-5 promulgated thereunder) and 20(a) of the Exchange Act.
The plaintiff seeks compensatory damages, including interest, costs and expenses, including attorneys’ and
experts’ fees, and injunctive and other unspecified equitable relief.
Jesteadt v. Ashley, et al.
On September 24, 2008, Leonard and Grace Jesteadt filed a securities class action complaint in the
U.S. District Court for the Western District of Pennsylvania against certain current and former officers and
directors. Fannie Mae was not named as a defendant. The complaint was filed on behalf of all persons who
purchased or otherwise acquired the publicly traded securities of Fannie Mae between November 16, 2007 and
September 24, 2008. The complaint alleges that the defendants violated Sections 10(b) (and Rule 10b-5
promulgated thereunder) and 20(a) of the Exchange Act. The plaintiffs seek permanent injunctive relief,
compensatory damages, including interest, costs and expenses, including attorneys’ and experts’ fees. On
February 11, 2009, the Judicial Panel on Multidistrict Litigation transferred this case to the U.S. District Court
for the Southern District of New York.
Sandman v. J.P. Morgan Securities, Inc., et al.
On September 29, 2008, Dennis Sandman filed a securities class action complaint in the U.S. District Court
for the Southern District of New York against former officers and directors Stephen B. Ashley, Robert J.
Levin, Daniel H. Mudd and Stephen Swad, and underwriters Banc of America Securities LLC, Goldman
Sachs & Co., J.P. Morgan Securities, Inc., Lehman Brothers, Inc. and Merrill Lynch, Pierce, Fenner & Smith,
Inc. Fannie Mae was not named as a defendant. The complaint was filed on behalf of purchasers of Fannie
Mae’s 8.75% Non-Cumulative Mandatory Convertible Preferred Stock Series 2008-1 from May 14, 2008 to
September 5, 2008. The complaint alleges that the defendants violated Sections 10(b) (and Rule 10b-5
promulgated thereunder) and 20(a) of the Exchange Act. The plaintiff seeks compensatory damages, including
interest, and costs and expenses, including attorneys’ and experts’ fees.
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