Freddie Mac Wins Dismissal of Investor Suit Over Risks
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The Federal Home Loan Mortgage Corp. won dismissal of a proposed class-action lawsuit in which pension funds claimed the company misled shareholders about financial risks.
U.S. District Judge John Keenan in New York dismissed the case in a written opinion, saying the plaintiffs failed to show that Freddie Mac made misstatements. The judge said the plaintiffs could file a new complaint in the next 60 days.