Maine State Retirement System v. Countrywide Financial Corporation et al

Track this case

Case Number:

2:10-cv-00302

Court:

California Central

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Mariana R. Pfaelzer

Firms

Companies

Government Agencies

Federal Deposit Insurance Corp.

Sectors & Industries:

Financial

January 16, 2014
FDIC Wants 9th Circ. To Block $500M Countrywide MBS Deal

The Federal Deposit Insurance Corporation on Wednesday said it will appeal to the Ninth Circuit Bank of America Corp.'s $500 million settlement of class actions over Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities.
December 09, 2013
Countrywide's $500M MBS Deal Gets Thumbs-Up

A California federal judge gave final approval Friday to a $500 million settlement of three class actions challenging Bank of America Corp.-owned Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, including $85 million in fees to the plaintiffs' attorneys.
October 28, 2013
FDIC Objections To $500M Countrywide Settlement Overruled

A California federal judge on Monday tentatively gave approval to Bank of America Corp. unit Countrywide's $500 million settlement of three class actions related to mortgage-backed securities, overruling the Federal Deposit Insurance Corp.'s objections that the deal was not fair to all class members.
October 08, 2013
FDIC Challenges BofA's $500M MBS Settlement

The Federal Deposit Insurance Corp. told a California federal court Monday that Bank of America Corp.'s $500 million settlement in a suit over its underwriting standards for mortgage-backed securities should be thrown out because the proposed class representatives have a conflict of interest.
August 01, 2013
$500M Countrywide MBS Deal Gets Preliminary Nod

A California federal judge said Thursday she will preliminarily approve a $500 million settlement of three putative class actions challenging Bank of America Corp.-owned Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, noting new details allayed her concerns about how the settlement will be divided.
July 10, 2013
Allocation Plan Needed In $500M Countrywide MBS Deal

A California federal judge Wednesday refused to give preliminary approval to a $500 million settlement of three putative class actions challenging Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, saying she needed more information on how the settlement would be divided among investors.
November 22, 2011
Countrywide Investors Get Class Cert. In $2.5B MBS Suit

A California federal judge on Monday certified a class in a suit alleging Countrywide Financial Corp. misled investors when they purchased eight groups of mortgage-backed securities worth about $2.46 billion.
September 15, 2011
Countrywide Loses Bid To Trim $2.6B MBS Class Action

A California federal judge on Tuesday denied Countrywide Financial Corp.'s bid to toss part of a class action by mortgage-backed securities purchasers who say Countrywide defrauded them through nine separate offerings collectively sold for $2.6 billion.
April 22, 2011
BofA Escapes Suit Over $17B In Countrywide MBS

A California federal judge on Wednesday dismissed all claims against Bank of America Corp. in a proposed class action that sought to hold the bank liable for the allegedly deceptive lending practices of former BofA unit Countrywide Financial Corp.
February 17, 2011
3 Ex-Countrywide Officers Trimmed From BofA MBS Suit

Three former Countrywide Financial Corp. executives have exited a putative securities class action that accuses the former Bank of America Corp. unit and others of lying about lending practices in connection with some $352 billion in mortgage-backed securities.