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Federal Agricultural Mortgage Corp. AGM Securities Stock Fraud

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Company: Federal Agricultural Mortgage Corp.
Ticker Symbol: AGM
Class Period: Mar-15-07 to Sep-12-08
Date Filed: Dec-11-08
Lead Plaintiff Deadline: Feb-9-09
Court: District of Columbia
Allegations:
A lawsuit seeking class action status has been filed in the United States District Court for the District of Columbia on behalf of those who purchased the publicly traded securities of Federal Agricultural Mortgage Corp. (NYSE: AGM) ("Farmer Mac" or the "Company") between March 15, 2007 and September 12, 2008, inclusive (the "ClassPeriod").

The Complaint charges that Farmer Mac and certain of its officers and directors violated federal securities laws by misrepresenting the Company's financial and operational results. Specifically, defendants failed to disclose that: (i) Farmer Mac's results had been inflated through manipulations relating to the characterization of impairment costs and/or depreciation expenses which inflated the Company's reported cash flows, gross margins and core and GAAP-earnings; (ii) the Company's financial results were inflated by defendants' use of overly optimistic assumptions of asset valuations and investments, which were also reflected indefendants' misuse of mark-to-market accounting; (iii) the Company's exposure to investment losses and credit problems of trading partners such as Lehman Brothers and Fannie Mae was much greater than represented; and (iv) the Company was not on track to meet or exceed guidance sponsored or endorsed by defendants.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, 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.

Federal Agricultural Mortgage Corp. AGM Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Federal Agricultural Mortgage Corp. securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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