Subprime Mortgage Investor Claims and Class Actions

Shareholder Class Action law suits are being filed alleging that Fannie Mae, Freddie Mack and underwriters cloaked the true financial health of Fannie Mae and Freddie Mac. It has been alleged that stock underwriters failed to disclose that Fannie Mae was grossly undercapitalized due to subprime holdings when it issued a stock offering at $25 per share in December 2007. The stock was valued at about $1.50 as of October 14, 2008.

The subprime mortgage lawsuits include claims against Morgan Stanley, Merrill Lynch, Goldman Sachs & Co., UBS Securities LLC and Wachovia Capital Markets LLC. Claims of failure to disclose subprime liabilities serve the basis for two additional class actions against Fannie Mae, Freddie Mac and their corporate officers. We would like to help investors who have suffered a wide range of losses. For investors who lost $100,000 or more on the drop in value of Freddie Mac and Fannie May stock, we can consult about individual lawsuits or arbitration. Subprime litigation will continue to grow and may take many years to resolve. Contact The Levensten Law Firm, PC if you would like additional information concerning Subprime litigation.