Fannie Mae Settles Shareholder Lawsuit For $170 Million

(Reuters) - Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. The settlement, which requires court approval, was disclosed in a Friday filing with the U.S. District Court in Manhattan.