Litigation

Recent Posts

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

Countrywide Agrees To Pay $600M To Settle Lawsuits
Posted on 3 Aug 2010 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. U.S. District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to... Read More

Bank Of America To Pay Borrowers $108 Million
Posted on 7 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure. It's the latest evidence of... Read More

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

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

Judge Approves Countrywide ID Theft Settlement
Posted on 23 Aug 2010 by LexisNexis Litigation Resource Community Staff

LOUISVILLE, Ky. - (AP) A federal judge on Monday granted final approval to a settlement between Countrywide Financial Corp. and millions of customers left at high risk for identity theft because of a security breach. Countrywide, now owned by Bank of... Read More