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...
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