Judge Rejects Class Cert. In Citi Mortgage Mod Suit

Law360, New York (October 7, 2013, 7:06 PM EDT) -- A federal judge in California on Monday denied class certification to thousands of homeowners alleging that a Citigroup Inc. unit broke loan modification agreements with homeowners, finding that the plaintiffs' claims were too fact-specific for them to proceed together.

U.S. District Judge Dale S. Fischer of Los Angeles federal court ruled that the homeowners' complaints against Citi Mortgage Inc. relied too heavily on individual fact patterns, including whether the company had properly assessed interests, fees and charges on each homeowner and whether notices were sent on...
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