SEC Discontinues its Case against Thomas A. Lund

News provided by

Sep 21, 2015, 05:03 ET

WASHINGTON, Sept. 21, 2015 /PRNewswire/ -- Paul Hastings LLP, a leading global law firm, announced today that the Securities and Exchange Commission ("SEC") has discontinued its case against our client Thomas A. Lund, a former Executive Vice President of Fannie Mae's Single Family Mortgage business.

Michael N. Levy, lead counsel for Mr. Lund and white collar defense partner at Paul Hastings, stated: "Tom Lund has been vindicated. After investigating for three years, litigating for another three years, deposing 50 witnesses, and hiring four experts, the SEC concedes that it has not prevailed. Mr. Lund will not contribute a dime from his own pocket and has agreed only that he will refrain (for 12 months) from signing things that he never signed in the past and has no intention of signing in the future. The reason for this result is obvious: Mr. Lund did not do anything wrong."

The Paul Hastings team was led by white collar defense partners Michael N. Levy and Amy K. Carpenter-Holmes.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world's top financial institutions and Fortune 500 companies.

SOURCE Paul Hastings LLP