Update In The Fannie Mae Common Shares (FRE) And Preferred (Series T; FNM-PT) Investor Lawsuit

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 17, 2008 -- There is a deadline coming up in the Fannie Mae common shares (NYSE:FRE) and preferred stock (Series T NYSE: FNM-PT) shareholder class action lawsuit against five underwriters and four Senior Executives of Fannie Mae over allegedly materially false and misleading statements. The deadline will expire on November 7th, 2008.

If you purchased or otherwise acquired Federal National Mortgage Association common shares(NYSE:FNM) between November 16th, 2007 and September 5th, 2008 or Fannie Mae’s 8.25% Non-Cumulative Preferred Stock, Series T (NYSE: FNM-PT), pursuant or traceable to the Fannie Mae’s May 13th, 2008, Offering Circular by Merrill Lynch, Citigroup, Morgan Stanley, UBS Securities and Wachovia Capital Markets, you have certain options and there are strict and short deadlines running (November 7th, 2008). You should immediately contact the Shareholders Foundation, Inc.!


Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

On Monday, September 8th, 2008, just one day after the mortgage finance giant was seized by the U.S. government a shareholder has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Federal National Mortgage Association (Fannie Mae) (NYSE:FNM) publicly traded securities during the period between November 16th, 2007 and September 5th, 2008 against four former top executives of Fannie Mae alleging they issued materially false and misleading statements about its business and prospects and misrepresented its financial statements.

Then on September 17th, 2008 a shareholder of Federal National Mortgage Association (Fannie Mae) Preferred Stock (Series T) has filed a proposed class action lawsuit on behalf of all investors who purchased or otherwise acquired Fannie Mae’s 8.25% Non-Cumulative Preferred Stock, Series T (NYSE: FNM-PT), pursuant or traceable to the Fannie Mae’s May 13th, 2008, Offering Circular, in the United States District Court for the Southern District of New York against five Underwriters, including Merrill Lynch, Citigroup, Morgan Stanley, UBS Securities and Wachovia Capital Markets, and four senior executives of Fannie Mae over allegedly materially false and misleading statements.

If you purchased or otherwise acquired Federal National Mortgage Association common shares(NYSE:FNM) between November 16th, 2007 and September 5th, 2008 or Fannie Mae’s 8.25% Non-Cumulative Preferred Stock, Series T (NYSE: FNM-PT), pursuant or traceable to the Fannie Mae’s May 13th, 2008, Offering Circular by Merrill Lynch, Citigroup, Morgan Stanley, UBS Securities and Wachovia Capital Markets, you have certain options and there are strict and short deadlines running (November 7th, 2008). You should immediately contact the Shareholders Foundation, Inc.!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

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