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....
To view the full article, register now.

Related

Sections

Case Information

Case Title

United States of America v. Countrywide Financial Corporation et al


Case Number

1:09-cv-02040

Court

New York Eastern

Nature of Suit

Other Statutory Actions

Judge

Raymond J. Dearie

Date Filed

May 13, 2009


Case Title

United States of America v. Bank of America, NA et al


Case Number

1:11-cv-03270

Court

New York Eastern

Nature of Suit

Other Statutory Actions

Judge

Sandra L. Townes

Date Filed

July 7, 2011

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.