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Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.


Corporate Bankruptcy Litigation
Third-Quarter 2011 Mortgage Litigation Index

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Litigation surrounding companies that file for bankruptcy protection or bankruptcy liquidation.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to Story
Countrywide Home Loans, Inc.; Bank of America Corp.  Joel L. Sher; Trustee U.S. Bankruptcy Court for the District of Maryland n/a Bank trustee for Thornburg Mortgage sues BoA for breach of mortgage loan purchase agreements; demanding Countrywide repurchase loans violating reps and warranties of purchase agreement. BoA filed a motion to dismiss. In re TMST., Inc. 09-17787 4/29/2011 www.mortgagedaily.com/LitigationInvestor092811.asp
Deloitte & Touche LLP Taylor Bean & Whitaker; Ocala Funding Circuit Court of the 11th Judicial Circuit, Miami-Dade County $7,600,000 Accounting firm sued in conjunction with bankruptcy of mortgage lender Taylor Bean & Whitaker, alleging that negligent audits contributed to failure of company.  Luria v. Deloitte & Touche LLP n/a n/a www.mortgagedaily.com/LitigationInvestor092811.asp
Financial Resources Mortgage Inc. Bankruptcy Trustee Sevent Notinger Al and Susan McIlvene U.S. Bankruptcy Court $155,000 Settlement of bankruptcy claim. na na na www.mortgagedaily.com/LitigationInvestor092811.asp
William Miller, Gregory Ehlinger, Thomas Washburn Elliott Levin, Bankruptcy Trustee of Irwin Financial Corp. U.S. District Court for the Southern District of Indiana $198,000,000 Suit against former officers of failed bank alleging breach of fiduciary duties in connection with marketing subprime mortgages Irwin, trustee, v. Miller et al.  n/a n/a www.mortgagedaily.com/mctlawsuitirwin092411.asp
Kerry Killinger; Stephen Rotella; David Schneider; Linda Killinger; Esther Rotella FDIC U.S. District Court for the Western District of Washington $64,721,195 Settlement discussions between former Washington Mutual executives and the FDIC broke down and the defendants filed a motion to dismiss FDIC's case. FDIC v. Killinger, et al. 2:2011-cv-00459 3/16/2011 www.mortgagedaily.com/MctLawsuitFDICWamu070511.asp, www.mortgagedaily.com/LitigationInvestor122611.asp, www.mortgagedaily.com/MctSettlementWamu070211.asp, www.mortgagedaily.com/MctLawsuitGoldman080911.asp
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


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