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Wells Fargo Bank To Pay $175M To Settle Mortgage Discrimination Claims
Posted on 13 Jul 2012 by LexisNexis® Mealey's™ Legal News

WASHINGTON, D.C. - (Mealeys) In what the U.S. Department of Justice is calling the second largest fair lending settlement in the department's history, Wells Fargo Bank NA today agreed to pay more than $175 million to settle claims in a District... Read More

Judge Preliminarily OKs $590M Citigroup Securities Class Action Settlement
Posted on 31 Aug 2012 by Mealey's Litigation Report

NEW YORK - ( Mealeys ) A federal judge in New York on Wednesday granted preliminary approval of a $590 million settlement between shareholders, Citigroup Inc. and certain of its current and former executive officers and directors on claims that the... Read More

Surprise! You Don't Have To Pay As Much As You Thought On That Mortgage
Posted on 8 Jul 2011 by Peter J. Gallagher

Last week, Bank of America agreed to a multi-billion dollar settlement with upset investors who had purchased securities comprised of subprime mortgages originated by Countrywide Financial (which Bank of America acquired in 2008) and serviced by... Read More