February 06, 2015
Bank of America's Countrywide Financial Corp. urged a California federal judge Friday to approve a $9.6 million deal to end a long-running and contentious overtime class action, saying the proposed $3.1 million in attorneys' fees is reasonable even though much of the settlement could revert to Countrywide.
April 15, 2014
A California federal judge on Monday ruled that an agreement worth up to $10.5 million to settle an overtime class action against Bank of America Corp.'s Countrywide Financial Corp. contains unreasonable incentive payments to the lead plaintiffs and also improperly excludes certain class members.
November 19, 2013
Bank of America’s Countrywide Financial Corp. agreed Monday to pay $6.2 million to settle allegations that it did not pay overtime to workers for its subprime mortgage division, according to a motion asking a California federal judge to sign off the deal.
May 01, 2013
A California federal judge decided Monday that any damages won by employees of the subprime mortgage division of Bank of America's Countrywide Financial Corp. in a class action for unpaid overtime should be calculated at time-and-a-half, a higher rate than the company had wanted.
May 21, 2012
A California federal judge on Monday expressed skepticism about Countrywide Financial Corp.'s arguments that the U.S. Supreme Court's decision in Wal-Mart Stores Inc. v. Dukes requires her to decertify a nationwide class of employees who claim the mortgage originator's subprime unit cheated them out of overtime.
April 09, 2012
Countrywide Financial Corp. told a California federal judge on Friday that the U.S. Supreme Court's decision in Wal-Mart Stores Inc. v. Dukes requires her to decertify a nationwide class of employees who claim the mortgage originator's subprime unit cheated them out of overtime.
December 15, 2011
A California federal judge ruled Wednesday that a recent state high court decision required dismissing unfair competition claims brought by out-of-state mortgage executives in a nationwide overtime class action against Countrywide Financial Corp.
October 17, 2011
Attorneys for Countrywide Financial Corp. told a California federal judge Monday that a recent state Supreme Court decision required dismissing unfair competition claims brought by out-of-state mortgage executives in a nationwide overtime class action suit.
May 13, 2011
A California judge on Friday refused to decertify a class of account executives at Countrywide Financial Corp.'s subprime mortgage unit, but decided to allow a renewed challenge to a survey justifying the plaintiffs' claims for unpaid overtime wages.
August 19, 2009
Branch account executives at Countrywide Financial Corp.'s Full Spectrum Lending Inc. unit are urging a federal judge to sign off on a notice alerting potential class members to a long-running lawsuit over allegedly unpaid overtime wages.