April 07, 2015
A California federal judge signed off Monday on a $10 million settlement between units of bankrupt Washington Mutual and class action plaintiffs claiming they were duped into taking out mortgages with low "teaser rates," after previously denying the deal for an overly broad class definition.
December 17, 2013
Attorneys for Residential Capital LLC on Monday announced four settlements worth a combined $1.1 million resolving putative borrower class actions that were pursuing claims of a combined $247 million against the defunct mortgage servicer's bankruptcy estate.
October 30, 2013
A California judge on Tuesday rejected a $10 million settlement between two Washington Mutual units and a group of plaintiffs claiming they were duped into buying bogus mortgage loans, saying the deal includes an overly broad class definition.