IN RE FEDERAL NAT. MORTG. ASS'N SECURITIES

MDL No. 1688. Civil Action No. 04-1783(RJL).

503 F.Supp.2d 9 (2007)

In re FEDERAL NATIONAL MORTGAGE ASSOCIATION SECURITIES, DERIVATIVE, and "ERISA" LITIGATION. In re Fannie Mae Derivative Litigation.

United States District Court, District of Columbia.

May 31, 2007.


Attorney(s) appearing for the Case

Alex Giscard Romain, Williams & Connolly, LLP, Arlington, VA, Joseph Marshall Terry, Jr., Michelle D. Schwartz, Williams & Connolly, LLP, Daryl Andrew Libow, Sullivan & Cromwell, LLP, James. D. Wareham, Carolyn Elizabeth Morris, James Edward Anklam, Paul, Hastings, Janofsky & Walker LLP, Michael J. Walsh, Jr., Jeffrey William Kilduff, O'Melveny & Myers LLP, Jonathan Michael Stern, Schnader Harrison Segal & Lewis, LLP, Cristen E. Sikes, DLA Piper U.S. LLP, Everett Clifford Johnson, Jr., Latham & Watkins, Carolyn Marie Welshhans, Dechert, LLP, Barbara Ann Van Gelder, Wiley Rein LLP, David I. Ackerman, Bingham McCutchen, LLP, Rhonda D. Orin, Anderson Kill & Olick, LLP, James Hamilton, Swidler, Berlin, Shereff & Friedman, L.L.P., Andrew Santo Tulumello, Gibson, Dunn & Crutcher, L.L.P., Julia Evans Guttman, Baker Botts, LLP, Eric R. Delinsky, Carole J. Yanofsky, Ellen D. Marcus, Richard Miles Clark, Steven Mark Salky, Tammy Gershon, Holly Ann Pal, Zuckerman Spaeder, LLP, Glenn B. Manishin, Stephanie Ann Joyce, Kelley, Drye & Warren, L.L.P., Washington, DC, Seth Alben Aronson, O'Melveny & Myers, LLP, Los Angeles, CA, John J. Clarke, Jr., Dla Piper Rudnick Gray Cary U.S. LLP, Neil A. Steiner, William K. Dodds, Dechert, L.L.P., John H. Doyle, III, Anderson Kill & Olick, P.C., Christopher Coyne Palermo, David Earl Barry, William Andrew Krohley, Kelley Drye & Warren LLP, Jeremy C. Bates, Michael T. Tomaino, Patrice A. Rouse, Richard H. Klapper, Sullivan & Cromwell LLP, New York, NY, David Smith, Jonathan S. Liss, Theresa E. Loscalzo, Schnader Harrison Segal & Lewis LLP, Philadelphia, PA, for Defendants.

Carlotta Poter Wells, U.S. Department of Justice, Washington, DC, for Movant.


MEMORANDUM OPINION

LEON, District Judge.

Before the Court are multiple motions to dismiss the claims in the First Amended Consolidated Verified Shareholders' Derivative Complaint ("Amended Complaint") filed in this action. The Amended Complaint names as defendants: (1) certain outside directors of the. Federal National Mortgage Association ("Fannie Mae") (i.e. Stephen, B. Ashley, Kenneth M. Duberstein, Thomas P. Gerrity, Ann Korologos, Frederic V. Malek...

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