U.S. District Judge Richard Sullivan sided with the Securities and Exchange Commission in refusing to dismiss most charges against former Freddie Mac executives. The court rejected claims by Richard Syron, former CEO at Freddie Mac, and Patricia Cook, former chief business officer, that the availability of quantitative data should counteract any statements they may have made that misrepresented exposure to subprime mortgage loans. The court also permitted the case against another executive, Donald Bisenius, to continue.

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