Weiss & Yourman Law Office Announces Class Action Lawsuit Against Federal Home Loan Mortgage Corp. -``Freddie Mac''-.Business Editors/Legal Writers NEW YORK--(BUSINESS WIRE)--June 11, 2003 A class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax against Federal Home Loan Mortgage Corp. ("Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. " or the "Company") (NYSE NYSE See: New York Stock Exchange :FRE FRE French FRE Freddie Mac (stock symbol) FRE Federal Rules of Evidence FRE Freedom Realty Exchange FRE Freedom Party FRE Food and Resource Economics FRE Free Range Eggs FRE French Real Estate ) and its officers was commenced in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on behalf of purchasers of Freddie Mac securities. In you purchased Freddie Mac securities between April 18, 2000 and June 9, 2003, please read this notice. The complaint charges defendants with violations of the Securities Exchange Act of 1934. It alleges that defendants issued materially false and misleading statements which resulted in plaintiffs purchasing Freddie Mac securities during the Class Period at artificially inflated and/or maintained prices. The action seeks damages on behalf of defrauded investors. Plaintiffs are represented by Weiss & Yourman, a law firm with significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Weiss & Yourman has been appointed by numerous courts to serve as lead counsel in class action lawsuits and in that capacity has recovered hundreds of millions of dollars on behalf of investors. If you are a shareholder who purchased Freddie Mac securities between April 18, 2000 and June 9, 2003, you may move the Court no later than August 8, 2003, to serve as a lead plaintiff of the class. In order to serve as a lead plaintiff, you must meet certain legal requirements. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Weiss & Yourman or other counsel of your choice to serve as your counsel in this action. If you wish to receive an investor package or if you wish to discuss this action, have any questions concerning this notice or your rights or interests with respect to this matter, or if you have any information you wish to provide to us, please contact: Mark D. Smilow, James E. Tullman, and/or David C. Katz, 888/593-4771 or 212/682-3025, via Internet electronic mail at or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York, New York 10176. |
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