WASHINGTON:

A five-year-old securities fraud case rooted in the financial crisis against the former chief executive of mortgage giant Fannie Mae ended Monday in stalemate, court filings showed.

The US Securities and Exchange Commission and the CEO, Daniel Mudd, decided to resolve the case being tried in civil court with no finding of guilt or innocence.

The two sides “agree that no party is the prevailing party in this case,” they said.

The agreed “that it is not in the interest of justice to continue to litigate this matter.”

After the massive 2008 bailout of Fannie Mae and sister mortgage firm Freddie Mac in the financial collapse, in 2011 the SEC filed securities fraud charges against six former executives of the companies..