Mortgage Insurer Settles Suit Over Maternity Policy

Law360, Philadelphia (November 29, 2012, 5:54 PM EST) -- A Pennsylvania federal judge signed off Thursday on a $500,000 class action settlement between Mortgage Guaranty Insurance Corp. and a group of women who contended that the company denied them mortgage insurance because of their maternity leave status.

Approved by U.S. District Judge Robert Mitchell, the settlement applies to a class of 265 women who applied for mortgage insurance with the Milwaukee-based company and indicated that they were or anticipated being on maternity leave.

The payments to individual plaintiffs will range from $3,750 to $42,750. The...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

NEALS v. MORTGAGE GUARANTEE INSURANCE CORPORATION


Case Number

2:10-cv-01291

Court

Pennsylvania Western

Nature of Suit

Civil Rights: Accommodations

Judge

Robert C. Mitchell

Date Filed

October 1, 2010

Law Firms

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.