Fannie Mae 2012 Annual Report Download - page 68

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SDNY cases. On December 21, 2011, FHFA filed an amended complaint in the UBS case. On January 20, 2012, defendants in
the UBS case filed a motion to dismiss the amended complaint. On May 4, 2012, the court denied defendants’ motion to
dismiss in the UBS case with respect to the federal and state securities law claims and granted defendants’ motion to dismiss
with respect to the negligent misrepresentation claim. On June 13, 2012 and June 28, 2012, FHFA filed amended complaints
in the non-UBS cases pending in the SDNY. Defendants in these cases filed motions to dismiss on July 13, 2012 and August
17, 2012. On November 26, 2012, the U.S. Court of Appeals for the Second Circuit heard the UBS defendants’ appeal of the
district court’s May 4, 2012 order denying their motion to dismiss. In a series of orders issued in November 2012, the district
court denied, in large part, defendants’ motions to dismiss in the non-UBS cases.
RBS case. On February 1, 2012, FHFA filed an amended complaint in the RBS case. On March 2, 2012, defendants in the
RBS case filed a motion to dismiss the amended complaint. This motion is fully briefed.
Countrywide case. On June 8, 2012, defendants in the Countrywide case filed motions to dismiss. FHFA filed an amended
complaint in that case on June 29, 2012 and defendants filed renewed motions to dismiss on July 13, 2012. On October 18,
2012, the court denied defendants’ motions to dismiss as to all claims except certain federal securities law claims related to
securities with shelf registration statements filed before July 25, 2005. On December 18, 2012, defendants filed motions to
dismiss on certain issues not covered by the court’s October order. On March 15, 2013, the court denied defendants’ motions
in part and granted them in part.
Investigation into Multifamily Asset Stabilization Program
In October 2011, we received notice of an ongoing investigation by the Office of Inspector General of FHFA (“FHFA OIG”)
and the U.S. Attorney for the Eastern District of Virginia with regard to a multifamily agreement with The Related
Companies, L.P. (the “Multifamily Asset Stabilization Program”). The Department of Justice Civil Division has also become
involved in the investigation. The financial impact of the agreement was not material to our financial statements. In
connection with the investigation, we have received subpoenas for documents from the FHFA OIG. We are cooperating with
this investigation.
Item 4. Mine Safety Disclosures
None.