Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.
An Alabama man who sued over being hit and kicked by police after leading them on a high-speed chase will get $1,000 in a settlement with the city of Birmingham, while his attorneys will take in $459,000, officials said Wednesday.
Alabama's powerful Republican state house speaker was indicted on 23 criminal counts of corruption by a grand jury, court records released on Monday show.
Argentina's lawyers met with a court-appointed debt mediator on Wednesday, but they attended only as officers of the court rather than representing the country in its years-old legal battle with holdout hedge funds.
