Former employees of Fannie Mae have filed a defamation lawsuit against the company and Federal Housing Finance Agency (FHFA) Director William Pulte. The plaintiffs are seeking damages amounting to more than $2 million per person.
The lawsuit stems from statements made by Director Pulte in a Fox News interview, where he claimed an investigation found workers making donations to an 'internal company charity' and receiving kickbacks. These allegations are central to the defamation claims.
This legal action represents a significant reputational and financial risk for Fannie Mae and its leadership. The lawsuit could lead to substantial financial penalties and negatively impact public perception of the company's internal controls and ethical standards.
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