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

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

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

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

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

Bank Of America's $8.5 Billion Settlement Won't Be Its Last
Posted on 1 Jul 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) Bank of America's $8.5 billion settlement with investors is the largest any bank has ever paid. It might help assuage worries about how deep the bank's mortgage problems might be and how long it might take to settle them. But for... Read More