On September 30th, a federal district court dismissed a substantial portion of plaintiffs' Rule 10b-5 securities fraud claims asserted against Fannie Mae, its former executives and its auditor. The court dismissed all claims based on allegations that Fannie Mae failed to adequately disclose its exposure to subprime loans and plaintiffs' claims against Fannie Mae's auditor. Plaintiffs' claims alleging Fannie Mae made material misrepresentations concerning its internal controls and risk management survived. In re Fannie Mae 2008 Securities Litigation.