Litigation

Recent Posts

Massachusetts Attorney General Reaches $102 Million Settlement With Morgan Stanley
Posted on 28 Jun 2010 by Timothy Raub

BOSTON - (Mealey's) Financial giant Morgan Stanley & Co. Inc. has agreed to pay $102 million to settle claims that it illegally provided funding to lenders that provided Massachusetts homeowners with subprime loans and has agreed to a number of... Read More

California AG Sues Feds Over Renewable Energy Loans
Posted on 15 Jul 2010 by LexisNexis Litigation Resource Community Staff

SACRAMENTO, Calif. - (AP) State Attorney General Jerry Brown sued the federal government Wednesday, asking a judge to stop government-sponsored mortgage buyers from blocking a program that lets homeowners pay for energy-efficient improvements through... Read More

California Settles Lawsuit Against Countrywide Executives
Posted on 4 Feb 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide... Read More

Fla. Homeowners Lose Beach Dispute At High Court
Posted on 18 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON - (AP) The Supreme Court ruled on Thursday that Florida can undertake beach-widening projects without paying beachfront property owners who lose exclusive access to the water. The court, by an 8-0 vote, rejected a challenge by six homeowners... Read More

Homeowners Say Loan Mods Led Them To Foreclosure
Posted on 9 Nov 2010 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and... Read More

Lawsuit Wave Could Hurt Housing Market: FDIC Chief
Posted on 26 Oct 2010 by LexisNexis Litigation Resource Community Staff

ARLINGTON, Va. - (AP) A wave of lawsuits from troubled borrowers who lost their homes to foreclosure could hurt the already-ailing housing market, a top banking regulator said Monday. Sheila Bair, chairman of the Federal Deposit Insurance Corp., said... Read More