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Fannie Mae, KPMG Push Hard to Settle Securities Suit
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After four years and tens of millions of dollars in legal fees, defense lawyers in the Fannie Mae securities fraud suit asked a federal judge Thursday to send the case to mediation. Attorneys for Fannie Mae and its former auditor, KPMG, first made the request Wednesday in a joint motion filed with Judge Richard Leon of the U.S. District Court for the District of Columbia. The move amounts to the two corporations' hardest push yet to settle the hodgepodge of litigation that grew from Fannie's 2004 accounting scandal.
 

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