Fannie Mae, the largest U.S. home funding company, Tuesday said that eight lawsuits were being prepared or have been filed against it or its officers by investors, generally alleging federal securities law violations.
The company's regulator last month charged it with misusing accounting to produce steady earnings results and to meet targets that triggered bonuses for top management.
The suits that have been filed are either in the U.S. District Court for the District of Columbia or the U.S. District Court for the Southern District of New York.
Fannie Mae said another case was filed in the U.S. District Court for the Southern District of New York on behalf of the company against members of its board for alleged breach of fiduciary duties.
Separately, the U.S. attorney general in the District of Columbia on Oct. 6 asked Fannie Mae to preserve certain documents as part of a criminal investigation into its accounting methods. The attorney general of Ohio also has a preliminary inquiry on behalf of Ohio's public pension funds.