August 10, 2012
A California federal judge on Friday preliminarily approved settlements totaling $11.5 million in twin securities class actions accusing former IndyMac Bancorp. Inc. CEO Michael W. Perry and another executive of lying about the mortgage lender's underwriting practices and deteriorating financial position.
June 26, 2012
The former CEO of failed mortgage lender IndyMac Bancorp Inc. on Tuesday agreed to pay $5.5 million to resolve claims by a class of shareholders who had accused him of misleading them about the bank's financial health during the run-up to the 2007 housing bust.
November 16, 2011
A California federal judge granted class certification Tuesday to the plaintiffs in a securities suit alleging IndyMac Financial Inc. and former CEO Michael W. Perry made misrepresentations to shareholders about the defunct mortgage lender's financial status.