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

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