Ex-Fannie Mae CEO Mudd Must Defend SEC Suit, Judge Rules
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Former Fannie Mae Chief Executive Officer Daniel Mudd must face a lawsuit in which the U.S. Securities and Exchange Commission accuses him of misleading investors about the company’s exposure to risky loans.
U.S. District Judge Paul Crotty in New York today rejected a request to dismiss the case by Mudd and Enrico Dallavecchia and Thomas Lund, two other ex-Fannie Mae executives.