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Company:	Federal Home Loan Mortgage Corporation
Ticker Symbol:	(NYSE:FRE)
Class Period:	January 27, 2003 to June 9, 2003
Court:	Southern District, NY
Date Filed:	Jun-10-03
Lead Plaintiff Deadline:	Aug-08-03
Allegations:

A securities class action has been commenced on behalf of shareholders who acquired Federal Home Loan Mortgage Corporation (NYSE:FRE) securities between January 27, 2003 and June 9, 2003, inclusive (the Class Period).

The action, numbered 03-CV-4170, is pending in the United States District Court for the Southern District of New York against defendants Freddie Mac, David Glenn (COO until June 9, 2003), Vaughn Clarke (CFO until June 9, 2003) and Leland C. Brendsel (CEO and Chairman until June 9, 2003). The Honorable John E. Sprizzo is the Judge presiding over this action.

The complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of materially false and misleading statements to the market between January 27, 2003 and June 9, 2003. According to the complaint, the Company's Class Period earnings announcement was materially false and misleading because it failed to disclose that the Company lacked adequate internal accounting controls and personnel expertise, failed to follow accounting rules that require derivative securities to be marked to market, "smoothed out its earnings" using accounting techniques to lower results in good times and lift results when business conditions deteriorated and provided investigators with doctored records to conceal their improper accounting techniques.

If you acquired the securities of Federal Home Loan Mortgage Corporation during the Class Period you may, no later than August 8, 2003, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

If you feel you qualify for damages or remedies that might be awarded in this class action please click the link below to submit your complaint.

If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.

Last updated on Jun-10-03