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Steinberg v. Mozilo et al
Case Number:
1:14-cv-02023
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
- Bracewell LLP
- Cooley LLP
- Davis Polk
- Irell & Manella
- Orrick Herrington
- Robbins LLP
- Safirstein Law
- Skadden Arps
Companies
Sectors & Industries:
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September 30, 2015
BofA Escapes Derivative Suit Over 'Hustle' Program
A New York federal judge on Tuesday dismissed a shareholder derivative suit against Bank of America Corp. over Countrywide Financial's "hustle" high-speed mortgage approval process, saying the plaintiff couldn't show the bank's board breached its duty when she filed the suit before it responded to her demand.
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September 15, 2014
BofA Says Shareholder Jumped The Gun With 'Hustle' Suit
Bank of America Corp. on Friday urged a New York federal court to toss shareholder derivative claims over its so-called "hustle" mortgage origination program, arguing the plaintiff had wrongly filed suit without waiting for the bank's board to respond to her litigation demands.
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March 24, 2014
Countrywide, BofA Face Derivative Suit Over 'Toxic' Loans
Countrywide Financial Corp. and Bank of America Corp.'s top brass were hit with a derivative shareholder suit in New York federal court on Friday, seeking to hold Countrywide responsible for a "toxic" high-speed mortgage approval process that could require Bank of America to pay $2.1 billion.