Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
.
|
U.S. Court of Appeals, 2nd Circuit
|
.
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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 | 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 | 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 | 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 | 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. |
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