Litigation

Recent Posts

California Appeals Court Reverses Countrywide Lawsuit Dismissal
Posted on 20 May 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) An appeals court has overturned the dismissal of a class-action lawsuit brought by investors against mortgage giant Countrywide Financial Corp. The move by a panel of the California 2nd District Court of Appeal reverses the decision... Read More

Bank Of America Hit With New Countrywide Lawsuit
Posted on 1 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp. which the bank bought in 2008. The group of investors, which include BlackRock funds, T. Rowe Price Group Inc... Read More

Investors Allege Massive Fraud By Countrywide
Posted on 26 Jan 2011 by LexisNexis Litigation Resource Community Staff

(AP) A lawsuit alleges Countrywide Financial Corp. and two of its former executives misled institutional investors who were stuck with huge losses from mortgage-related investments that they say were portrayed as low-risk. The lawsuit was filed Monday... Read More

U.S. Investors Sue, Seeking Pay For Pre-WWII German Bonds
Posted on 7 Sep 2010 by LexisNexis Litigation Resource Community Staff

MIAMI - (AP) More than 80 years ago, Germany sold tens of thousands of bonds to American investors in an effort to recover financially from World War I. Later, Adolf Hitler used some of the money raised by those bonds to build the powerful Nazi war machine... Read More

Wells Fargo Reaches $590 Million Wachovia Settlement
Posted on 9 Aug 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Wells Fargo & Co. on Friday said that it has agreed to pay $590 million to settle a class-action lawsuit filed by investors in Wachovia securities. The settlement would end a suit filed in 2008 in federal court in Manhattan, charging... Read More

Pensions Weigh Options From BP Oil Spill
Posted on 8 Jul 2010 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) The exasperation with BP felt by residents of the Gulf states is spreading to shareholders and some are taking the oil giant to court. Since the Deepwater Horizon drilling rig disaster on April 20, BP shares have lost about $85 billion... Read More