|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
|
|
.
|
U.S. Court of Appeals, 2nd Circuit
|
.
|
Favorable ruling issued for investment banking firm in class action suit which arose after investment firm forced out officers of a mortgage company for fraudulent conduct but were then sued by employees of failed lender, claiming that the investment firm had become liable, as their employer, for two months' wages
|
Coppola v. Bear Stearns
|
|
|
Larry Schultz and Matthew Viens
|
U.S. District Court for the District of Maryland
|
$105,000
|
Two Maryland loan officers awarded $105,000 in a case alleging their net branch employer failed to pay them overtime, although collection on judgment not assured
|
.
|
|
|
.
|
.
|
$2million
|
Payment of back wages toemployees after an investigation by the Department of Labor revealed Allied failed to pay its inside sales employees overtime compensation
|
.
|
|
|
.
|
.
|
.
|
Bankrupt lender sued by three former employees for its failure to provide adequate notice of employee layoffs.
|
.
|
|
|
Wayne Lee
|
Superior Court of the State of California in Orange County
|
.
|
Subprime lender enters confidential settlement with broker who claims the lender breached its agreement to pay him a total of $50 million over five-years for consulting services after he resigned
|
Wayne Lee v. Ameriquest Capital Corp
|
| Countrywide Financial Corp. |
Marc Cruz (named Plaintiff) |
U.S. District Court of California in Santa Ana |
. |
Employees file class action claiming they were misled about 401(k) investments in shares of the company's stock |
. |
CTX Mortgage, Jane August, et al
another article |
Charter Oak Lending Group |
Connecticut Superior Court |
. |
Charter Oak sues CTX for purportedly cajoling 10 employees to leave Charter Oak within days of each other |
Charter Oak Lending Group v. CTX Mortgage, Janet August, et al. |
| Daniel McCoy |
American Home Mortgage Corp. |
. |
. |
American Home sues former sales manager alleging that he violated an employment agreement by going to work for First Horizon Home Loan Corp. and taking several loan officers with him |
. |
| E-LOAN, Inc. |
Goldstein, Demchak, Baller, Borgen & Dardarian |
U.S. District Court in the Northern District of California |
$13.6 million |
Online lender settles with approximately 500 loan consultants to resolve a class action alleging that it did not provide overtime pay and meal breaks |
. |
| Fieldstone Investment Corp. |
Cynthia Harkness |
Occupational Safety and Health Administration |
. |
Former Fieldstone general counsel claims she was terminated in retaliation for reporting SEC violations by senior executives at the company |
. |
| HomeBanc Mortgage |
Hiwot Mekonnen, Kyiesha Shepard and Sharon Thompson |
U.S. Bankruptcy Court, District of Delaware |
. |
Bankrupt lender sued by three former employees for its failure to provide 60 days advance notice of employee layoffs. |
. |
Market Street Mortgage
another article |
Richard Mcbride |
U.S. District Court for the District of Wyoming |
$894,000 award being appealed |
Mortgage broker appeals award to its former executive who prevailed in his suit for breach of contract after his employer wrote a letter informing him that his salary would be reduced by two-thirds then, in an apparent change of mind, writing to tell him it was a mistake |
. |
Monarch Bank
another article |
Resource Bank |
. |
. |
"Lawsuit between two Virginia banks has turned into a merger agreement after Resource accused two executives of breaching their non-solicitation agreements and taking confidential documents and more than 70 employees with them over to Monarch. |
. |
| Option One Mortgage Corp., H&R Block Inc. |
Melissa Schueler |
California |
. |
Former loan officer sues Option One, claiming the company failed to pay its loan officers overtime wages" |
. |
Washington Mutual
another article |
Outten & Golden LLP |
U.S. District Court, New York |
. |
Three former mortgage loan originators sue WaMu for failure to pay overtime and minimum wages |
. |
| Washington Mutual, Inc., et al. |
Barbara Alexander (class rep) |
U.S. District Court, Western District of Washington, Seattle Division |
over $150 million |
WaMu employees allege ERISA violations for WaMu's failure to adequately monitor their 401(k) plan and advise participants when the company stock investment was no longer prudent |
Barbara Alexander v. Washington Mutual, Inc. et al. |
