Pension Fund Fights To Keep Ocwen ERISA Suit Alive
Law360 (April 20, 2020, 3:58 PM EDT) -- A union pension fund's trustees have urged a New York federal judge not to sink their suit accusing Ocwen Financial Corp. of exploiting homeowners during the 2008 financial crisis, arguing the mortgage lender is trying to skirt its responsibilities under federal benefits law.
In a corrected memorandum on Saturday, trustees of the United Food & Commercial Workers Unions & Employers Midwest Pension Fund shot back at a summary judgment bid from Ocwen, which fought back against accusations of mismanaging the underlying mortgages of various trusts the fund invested in.
While Ocwen and fellow defendant Wells Fargo have argued that the mortgages...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!