Whistleblower Takes Home $14.5M In BofA Mortgage Deal

Law360, New York (May 29, 2012, 8:40 PM EDT) -- A former Countrywide Financial Corp. employee who launched a whistleblower suit claiming the Bank of America Corp. unit knowingly inflated property appraisals for federal loans has received a $14.5 million reward for the information he provided the government, his lawyer said Tuesday.

Hagens Berman Sobol Shapiro LLP said the two whistleblower suits that Kyle W. Lagow and Gregory Mackler brought against Bank of America NA over federal housing assistance had been settled. The firm declined to release details about any reward Mackler may have received....
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