Litigation

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Court OKs $624 Million Payout To Countrywide Investors
Posted on 1 Mar 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) A federal judge on Friday approved a $624 million settlement in a lawsuit brought by several New York public pension funds against fallen mortgage giant Countrywide Financial Corp. The settlement, a version of which was had been originally... Read More

Tags: mortgage , pension funds , Litigation , Countrywide Financial , lawsuit , KPMG , Settlement , Bank of America

Plaintiffs Seek Approval Of $153M Securities Settlement With Fannie Mae, KPMG
Posted on 8 May 2013 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) Lead plaintiffs in a securities class action lawsuit against Fannie Mae and accounting firm KPMG LLP on May 7 asked a federal judge to approve a $153 million settlement that would end the lawsuit, which was brought in... Read More

Tags: Ohio Republic Retirees System , financial services , securities litigation , State Teachers Retirement System of Ohio , Litigation , Fannie Mae , KPMG , In re: Fannie Mae Securities Litigation , Securities

Wachovia, KPMG Reach $627 Million Settlement With Investors
Posted on 9 Aug 2011 by Timothy Raub

NEW YORK - (Mealey's) In what Wachovia Corp. shareholders' attorneys are calling the single-largest recovery for claims brought "solely pursuant to" the Securities Act of 1933, the shareholders, Wachovia, certain of its affiliates and... Read More

Tags: mortgage , Securities Act of 1933 , Wachovia , In re Wachovia Preferred Securities and Bond/Notes Litigation , class action , Wells Fargo , Litigation , lawsuit , KPMG , Settlement , Subprime , Securities

$624 Million Proposed Settlement Announced In Countrywide Securities Class Action
Posted on 7 May 2010 by Dylan McGuire

LOS ANGELES — (Mealey’s) The lead plaintiffs in a consolidated class action complaint against former subprime mortgage lending giant Countrywide Financial Corp. (CFC) and others for alleged violations of federal securities laws announced a... Read More

Tags: In re Countrywide Financial Corp. Securities Litigation , Countrywide Financial Corp. , class action , New York State Common Retirement Fund , KPMG , CFC , securities fraud , Securities Exchange Act , Countrywide , Securities

Preliminary Approval Of $12 Million Settlement In New Century Class Action Granted
Posted on 10 Aug 2010 by Timothy Raub

LOS ANGELES - (Mealey's) A federal judge in California on Aug. 9 preliminarily approved a $125 million settlement agreement between shareholders, former officers and directors of subprime mortgagor New Century Financial Corp., the company's outside... Read More

Tags: mortgage , Securities Act of 1933 , New York State Teachers' Retirement System , Dean D. Pregerson , shareholders , Piper Jaffray & Co. , Jefferies & Co. Inc. , Deutsche Bank Securities Inc. , financial services , Securities Exchange Act of 1934 , Morgan Stanley & Co. Inc. , class action , New Century Financial Corp. , Bear Stearns & Co. Inc. , Brad Morrice , NYSTRS , Litigation , lawsuit , KPMG , Roth Capital Partners , In re New Century Financial Corp. Securities Litigation , JMP Securities , Settlement , Stifel , securities fraud , Subprime , Nicolaus & Co. Inc.