Fannie Mae Former Employees Sue Company, Pulte for Defamation

Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April.

The ex-employees of the government-controlled mortgage giant are seeking damages amounting to more than $2 million per person, according to complaints filed in Fairfax County Circuit Court in Virginia, which were distributed to the media by their lawyers.

The FHFA and Fannie Mae did not immediately respond to requests for comment.

Fannie announcedin April that more than 100 employees had been removed “for unethical conduct, including the facilitation ...