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IN RE FED. NAT. MORTG. ASS'N SEC., DERIVATIVE, ERISA

Civil No. 07-1221(RJL). MDL No. 1668.

725 F.Supp.2d 159 (2010)

In re FEDERAL NATIONAL MORTGAGE ASSOCIATION SECURITIES, DERIVATIVE, and "ERISA" LITIGATION Federal Housing Finance Agency as Conservator for the Federal National Mortgage Association v. Raines, et al. (Middleton).

United States District Court, District of Columbia.

July 27, 2010.

Attorney(s) appearing for the Case

Benny C. Goodman, III , Robbins Geller Rudman & Dowd LLP, San Diego, CA, for Arthur Middleton.

Jefferey Dee Bailey , Joseph Marshall Terry, Jr. , Williams & Connolly LLP, Washington, DC, for Franklin D. Raines.

Eric Robert Delinsky , Steven Mark Salky , Richard Miles Clark , Zuckerman Spaeder, LLP, Washington, DC, for J. Timothy Howard.

Patrice A. Rouse , Sullivan & Cromwell LLP, New York, NY, for Goldman Sachs Group, Inc., Goldman Sachs Group, Inc.

MEMORANDUM OPINION

RICHARD J. LEON, District Judge.

This case is a desperate attempt to overcome the Court's earlier decision, which has since been affirmed by our Circuit Court, to dismiss a consolidated shareholder derivative action against various former and then-current officials of the Federal National Mortgage Association ("Fannie Mae") on the ground that the shareholder plaintiffs lacked standing to bring a derivative suit because they failed...

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