METAIRIE, La., Sept. 26, 2008 (GLOBE NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce that it is commencing an investigation into Federal Agricultural Mortgage Corporation ("Farmer Mac" or the "Company") (NYSE:AGM) to determine whether it has violated federal securities laws by issuing materially false and misleading statements to shareholders.
Shares of Farmer Mac plunged recently after the company revealed in a filing that it owns $60 million in senior debt securities issued by Lehman Brothers Holdings that has declined to 19% of its principal value. Following the disclosure, Farmer Mac lost nearly 60% of its remaining equity on September 22, 2008 and opened today at $4.23.
If you are a Farmer Mac shareholder, and/or have information that would assist in this ongoing investigation, or have other questions related to a loss you've suffered in your investment, you may e-mail or call Eric J. O'Bell directly without obligation or cost to you toll-free at 1-866-938-1596 or by email at ejo@obelllawfirm.com.