A lawsuit accusing the Federal National Mortgage Association (Fannie Mae) of nationality and age-based employment ...

Dozens of former Fannie Mae employees filed a lawsuit this week, alleging discrimination after being abruptly fired in April.

Plaintiffs, who are all U.S. citizens of Indian origin, accuse the company of making the fraud accusations to cover up the unlawful termination.

Shortly before the statements were issued, reports began to circulate in overseas outlets that Fannie Mae had laid off about 700 employees—200 of whom were said to have been of Telugu origin.