SEATTLE, March 8, 2005 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it is investigating the Federal National Mortgage Association ("Fannie Mae" or the "Company") (NYSE:FNM) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in Company stock by the Federal National Mortgage Association Employee Stock Ownership Plan (the "Plan") from October 11, 2000, through the present (the "Class Period").
Keller Rohrback's investigation focuses on concerns that Fannie Mae and other fiduciaries for the Plan may have failed their duties and obligations under ERISA to protect Plan assets, ensure that Plan assets are invested prudently, and provide participants with complete and accurate information about Plan investment options.
If you are a member of the Fannie Mae-sponsored ESOP, you may contact any member of our team (paralegal Jennifer Tuato'o or attorneys Derek Loeser or Lynn Sarko) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases--the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc. and HealthSouth ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Marsh & McLennan Companies ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.