Mealey's Banking & Finance - Arizona Federal Judge Denies Class Certification In Suit Over Mortgage Program

Mealey's Banking & Finance - Arizona Federal Judge Denies Class Certification In Suit Over Mortgage Program

PHOENIX - An Arizona federal judge on Aug. 15 denied class certification in a suit over a low-down-payment mortgage program, finding that the named plaintiff was an insufficient class representative and that individualized issues predominate (Margaret Galas, et al. v. The Lending Company, Inc., et al., No. 12-1265, D. Ariz.; 2014 U.S. Dist. LEXIS 113644).

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