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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.


Mortgage Employment Lawsuits
First-Quarter 2010 Mortgage Litigation Index

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Employment lawsuits involving overtime, employment discrimination and employment contracts. Whistleblowers and WARN notice violation cases also.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Link to StoryLink to Story
CMG Mortgage, Inc., Department of Employment and Economic Development Ann Shepard Minnesota Court of Appeals na Plaintiff sought unemployment compensation benefits alleging she was fired without good reason. The court found she quit and was thus ineligible for benefits. Shepard v. CMG Mortgage, Inc. No. 21625825-3 March 9, 2010 www.mortgagedaily.com/Litigation032910.asp
HSBC Mortgage na U.S. District Court for the Southern District of New York na A U.S. District Court Judge ruled against HSBC Mortgage where the lender allegedly denied employment to an applicant because of a misdemeanor charge against the applicant that was subsequently dropped. na na na www.mortgagedaily.com/Litigation020910.asp
JP Morgan Chase & Co. Andrew Whalen U.S. Court of Appeals for the Second Circuit na The Court held that a loan underwriter at JP Morgan does not qualify for the administrative exemption under the federal Fair Labor Standards Act and, thus, is eligible for overtime pay. Such a classification is a fact intensive inquiry. Whalen v. JP Morgan Chase & Co. 08 4092 November 20, 2009 www.mortgagedaily.com/PbLawsuitChase011310.asp
JP Morgan Chase & Co. Gayla Pickle U.S. District Court for the Southern District of New York na Loan underwriters filed suit against JP Morgan Chase alleging failure to pay overtime as required by law. Pickle v. J.P. Morgan Chase & Co. No. 1:2010cv02791 March 29, 2010 www.mortgagedaily.com/LawsuitChaseOT033010.asp
Pulte Homes, Inc., Pulte Home Corp., Pulte Mortgage LLC Soladin Kaing et al U.S. District Court for the Northern District of California na A motion to dismiss was granted in favor of defendants alleged to have forced subprime loans on unqualified borrowers, which led to increased foreclosures and, in turn, devalued the properties in surrounding neighborhoods. Skaing (sic) v. Pult Homes, Inc. No. 09-5057 February 18, 2010 www.mortgagedaily.com/LitigationCompliance032910.asp
Sterling Financial Corporation, Sterling Savings Bank, Harold B. Gilkey, Robert G. Butterfield, Katherine K. Anderson, Ellen R. M. Boyer, William L. Eisenhart, James P. Fugate, James B. Keegan, Robert D. Larrabee, Donald J. Lukes, Michael F. Reuling, William W. Zuppe and John/Jane Does 1-15 Cory Deter, individually and on behalf of all others similarly situated U.S. District Court for the Eastern District of Washington na Employees of Sterling Savings Bank filed suit on the basis that the company allegedly failed to protect their investments in company stock. Deter v. Sterling Financial Corporation et al. 2:2010cv00012 January 11, 2010 www.mortgagedaily.com/Litigation011810.asp
The Mortgage Specialists Inc. Jean Duerr Rockingham County Superior Court na Employee brought wrongful termination suit for refusing to shred loan docs in order to keep them from being discovered by regulators. na na na www.mortgagedaily.com/LitigationCompliance032910.asp
Wells Fargo Jason Mevorah; Genaro Perez; Perry Derrick U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the Northern District of California na Plaintiffs moved to certify a class of California HMCs in multidistrict litigation arising from three putative collective actions and one putative class action against home mortgage company on behalf of current and former home mortgage consultants (HMCs) seeking overtime pay. The District Court certified the class. However, the Court of Appeals held that this was an abuse of discretion. In re Wells Fargo 08-15355; C 06-01770 MHP July 7, 2009 www.mortgagedaily.com/PbLawsuitWells012710.asp
Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.


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