BRIEF-HNA Group reports 25 pct stake in Hilton Worldwide
* HNA Group Co Ltd reports 25 percent stake in Hilton Worldwide Holdings Inc as of March 15 - SEC filing
NEW YORK Jan 23 General Electric Co has agreed to settle a federal agency's lawsuit accusing it of misleading Freddie Mac into buying $549 million of mortgage-backed securities, the Federal Housing Finance Agency said on Wednesday.
The settlement is the first to result from a series of lawsuits the FHFA filed against Wall Street banks in 2011 in its role as conservator for Fannie Mae and Freddie Mac.
Terms of the accord were not announced.
"This settlement resolves the dispute between FHFA and GE consistent with FHFA's responsibilities as conservator of Freddie Mac," Alfred Pollard, the agency's general counsel, said in a statement. "FHFA is pleased this lawsuit has been resolved and appreciates the work of Freddie Mac in this matter."
A spokesman for GE had no immediate comment.
NEW YORK, March 24 An attorney for the U.S. government on Friday urged a federal appeals court to toss an unusual lawsuit by hedge fund founder David Ganek, who claims the government lied to get a search warrant against him in an insider trading investigation.