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Claude A Reese v. Indymac Financial Inc et al
Case Number:
2:07-cv-01635
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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August 10, 2012
Former IndyMac Execs Win Initial Nod On 2 Settlements
A California federal judge on Friday preliminarily approved settlements totaling $11.5 million in twin securities class actions accusing former IndyMac Bancorp. Inc. CEO Michael W. Perry and another executive of lying about the mortgage lender's underwriting practices and deteriorating financial position.
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June 26, 2012
Ex-IndyMac CEO Puts Up $5.5M To Exit Stock Drop Suit
The former CEO of failed mortgage lender IndyMac Bancorp Inc. on Tuesday agreed to pay $5.5 million to resolve claims by a class of shareholders who had accused him of misleading them about the bank's financial health during the run-up to the 2007 housing bust.
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November 16, 2011
Investors Win Class Cert. In IndyMac Securities Suit
A California federal judge granted class certification Tuesday to the plaintiffs in a securities suit alleging IndyMac Financial Inc. and former CEO Michael W. Perry made misrepresentations to shareholders about the defunct mortgage lender's financial status.