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Lyons et al v. Litton Loan Servicing LP et al

  1. April 21, 2016

    $4.1M Force-Placed Insurance Suit Deal Gets Preliminary OK

    A New York federal judge has granted preliminary approval of a settlement worth $4.12 million between borrowers and a group of mortgage servicers they accuse of illegally collaborating to require customers to buy force-placed insurance, according to an order issued on Wednesday.

  2. February 03, 2016

    Agency-Set Rates Bar Force-Placed Insurance Claims: Judge

    Borrowers accusing a group of mortgage servicers and insurers of illegally collaborating to require customers to buy force-placed insurance had some of their class action claims eliminated on Tuesday by a New York federal judge because of a rule barring claims based on regulator-approved rates.

  3. July 29, 2015

    Filed Rate Doctrine Axes Kickback Claims, Mortgage Cos. Say

    A recent Second Circuit decision invoking the filed rate doctrine is fatal to two suits claiming mortgage servicers accepted kickbacks from insurers in exchange for requiring customers to buy force-placed insurance, a New York federal judge was told Tuesday.

  4. February 23, 2015

    Morgan Stanley Says Force-Placed Suit's Claims Fall Short

    Morgan Stanley and its former mortgage servicer joined several companies asking a New York federal judge Friday for an early exit from a class suit alleging the companies required mortgage customers to buy force-placed insurance and took kickbacks from insurers, arguing that the suit's allegations lack factual support.

  5. February 20, 2015

    Goldman, Others Seek Early Exit From Force-Placed Suit

    Several companies named in a proposed class action accusing them of scheming to require mortgage customers to buy force-placed insurance and taking kickbacks from insurers asked a New York federal court on Friday to dismiss claims against them, arguing they were wrongfully included in the litigation.

  6. January 28, 2013

    Goldman, Others Targeted In Force-Placed Insurance Suit

    Goldman Sachs Group Inc., Litton Loan Servicing LP and Ocwen Financial Corp. were hit Wednesday with a proposed class action alleging they schemed to require mortgage customers to buy force-placed insurance and took kickbacks from insurers.