Litigation

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Countrywide Agrees To Pay $335 Million To Settle Government's Discriminatory Lending Claims
Posted on 23 Dec 2011 by Shane Dilworth

LOS ANGELES - Countrywide Financial Corp. has agreed to pay $335 million to settle claims by the U.S. government that the lender and its subsidiaries engaged in discriminatory lending practices by steering African-American and Hispanic borrowers toward... Read More

Washington Mutual Settles Class Action Lawsuit For $208.5 Million
Posted on 5 Jul 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Washington Mutual Inc. and its fellow defendants have agreed to pay $208.5 million to settle a class-action lawsuit stemming from the lender's collapse in 2008, the biggest U.S. bank failure in history. The defendants and lead plaintiff... Read More