Freddie Mac must face restored lawsuit over risk disclosures

© Reuters. Layton, CEO of Freddie Mac, speaks at the 2014 Milken Institute Global Conference in Beverly Hills

(Reuters) – A federal appeals court on Wednesday revived a lawsuit accusing Freddie Mac (PK:-RRB- and several former top authorities of defrauding shareholders by hiding its subprime mortgage exposure and its inadequate danger management prior to the 2008 financial crisis. The 6th U.S. Circuit Court of Appeals stated a lower court judge erred in concluding that the Ohio Public Worker Retirement System did not adequately declare that its losses were brought on by Freddie Mac’s disclosure shortfalls. Disclaimer: Combination Media would like to remind you that the data contained in this website is not always real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex costs are not offered by exchanges however rather by market makers, therefore costs may not be precise and might differ from the real market price, meaning rates are indicative and not suitable for trading purposes. For that reason Blend Media does n`t bear any responsibility for any trading losses you may sustain as an outcome of utilizing this information. Combination Media or anybody involved with Blend Media will not accept any liability for loss or damage as an outcome of reliance on the info including information, quotes, charts and buy/sell signals included within this site. Please be fully informed relating to the dangers and expenses associated with trading the financial markets, it is among the riskiest financial investment kinds possible.

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