|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number | Date Filed | Link to Story |
| Triad Guaranty Inc. | Common shareholders | U.S. District Court for the Middle District of North Carolina | na | Investors who bought the company’s common stock between Oct. 26, 2006 and Nov. 10, 2008 allege Triad did not adequately account for loss reserves, failed to engage in proper underwriting practices and “had far greater exposure to anticipated losses and defaults.” | na | No. 09-CV-00071 | Mar. 4, 2009 | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| General Motors, et al. | Folksam Asset Management | U.S. District Court for the Southern District of New York | na | A 2005 class action filed against GMAC and its parent by investors who purchased GM securities was still pending as of Dec. 31, 2008. | Folksam Asset Management v. General Motors | na | Sept.19, 2005 | https://www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Triad Guaranty Inc., Mark K. Tonnesen and Kenneth W. Jones | James L. Phillips and investor’s of the company’s stock from Oct. 26, 2006, to Nov. 10, 2008 | U.S. District Court for the Middle District of North Carolina | na | The defendants allegedly misrepresented the mortgage insurer’s operations and financial condition. | Phillips v. Triad Guaranty, Inc. | na | Jan. 29, 2009 | www.mortgagedaily.com/InvestorClassActions020609.asp |
| Wachovia Corp., et al | Lipetz, et al. | U.S. District Court for the Southern District of New York. | na | Pending class action had response due. | Lipetz v. Wachovia Corporation | na | 7/7/2008 | www.mortgagedaily.com/LawsuitsWells031309.asp |
| Wachovia Corporation, et al. | Miller, et al. | Superior Court of the State of California, Alameda County | na | Wachovia accused of issuing misleading disclosures tied to Golden West’s mortgage portfolio. | Miller v. Wachovia Corporation | na | Jan. 31, 2009 | www.mortgagedaily.com/LawsuitsWells031309.asp |
| Citigroup | na | Delaware | na | A judge threw out a lawsuit brought by shareholders who alleged Citi wasted money in approving a severance package for it former Citi CEO. | na | na | na | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Washington Mutual Inc. | New Orleans Employees Retirement Sytem, MARTA/ATU Local 732 Employers Retirement Plan; Boilermakers National Annuity Trust Fund | U.S. District Court for the Western District of Washington | na | Another plaintiff joined the case, which was moved to federal court. | na | No. CV-00134 | Jan. 29, 2009 | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Wachovia Corporation, et al. | Orange County Employees’ Retirement System, et al. | Superior Court of the State of California, Alameda County | na | Class action alleges misleading disclosures in public offerings. | Orange County Employees’ Retirement System v. Wachovia Corporation | na | Jan. 21, 2009 | www.mortgagedaily.com/LawsuitsWells031309.asp |
| Barclays Bank PLC | Preferred investors | U.S. District Court for the Southern District of New York | na | A class action on behalf of buyers of Barclay’s preferred stock issued in April 2006. | na | No. 09-CV-1989 | na | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Bank of America Corp. | Shareholders | U.S. District Court for the Northern District of California | na | A group of Bank of America Corp. shareholders filed a class action lawsuit alleging the bank concealed that it failed to properly value troubled assets, including MBS, collateralized-debt obligations and related derivatives. | na | No. 09-CV-00544 | Feb. 26, 2008 | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Colonial BancGroup | Shareholders | U.S. District Court Middle District of Alabama | na | Shareholders who bought stock between Dec. 2, 2008, and Jan. 27 allege that it failed to disclose that $550 million in funding from the federal government’s TARP was conditioned on raising another $300 million from “outside sources.” . | na | na | na | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Wachovia Corporation, et al. | Swiskay, et al. | Superior Court of the State of California, Alameda County | na | Class action alleges misleading disclosures in Wachovia preferred offerings. | Swiskay v. Wachovia Corporation | na | Dec. 19, 2008 | www.mortgagedaily.com/LawsuitsWells031309.asp |
| Merrill Lynch & Co. Inc. | Employees who used retirement plans to invest in Merrill stock from Sept. 30, 2006, to Dec. 31, 2008. | na | na | Settlement in case tied to its employee retirement plan losses investments. | In re Merrill Lynch & Co. Inc. Securities, Derivative and ERISA Litigation | Master File No. 07cv9633 | na | www.mortgagedaily.com/LawsuitMerrill012009.asp |
| 17 Washington Mutual Bank 2006 pass through certificates, WaMu Asset Acceptance Corp., David Beck, Biane Novak, Thomas Green, Rolland Jurgens, Richard Careaga, WaMu Capital Corp., et al. | Investors of 17 WaMu Mortgage Pass-Through Certificates issued in 2006. | U.S. District Court for the Western District of Washington | na | Class action. | na | No. 09-CV-0037 | Jan. 2009 | www.mortgagedaily.com/InvestorClassActions020609.asp |
| 32 Deutsche Alt-A Securities Mortgage Loan Trust RMBS issued in 2006 and 2007 and Deutsche officers, directors, underwriters and issuers | Investors of 32 Deutsche Alt-A Securities Mortgage Loan Trust RMBS issued in 2006 and 2007 | U.S. District Court for the Eastern District of New York | na | The defendants allegedly misrepresented DTI ratios, loan documentation and repayment ability on loans included in the trusts. | na | na | Jan. 26, 2009 | www.mortgagedaily.com/InvestorClassActions020609.asp |
| HarborView Mortgage Loan Trust 2006-4, 2006-5, and 2006-9, Greenwich Capital Acceptance, Inc., et al. | Investors of HarborView Mortgage Loan Trust 2006-4, 2006-5, and 2006-9 | U.S. District Court for the Southern District of New York | na | The case alleges that the defendants made material misstatements and omissions in the offering of the securities. | na | na | na | www.mortgagedaily.com/InvestorClassActions020609.asp |
| Wells Fargo MBS and related parties | Investors of Wells Farto MBS 2006-AR-1-19 and 2006-1-17 | U.S. District Court for the Southern District of New York | na | Investors claim they were allegedly mislead about the offerings. | na | No. 09-CV-833 | na | www.mortgagedaily.com/InvestorClassActions020609.asp |
| Merrill Lynch & Co. Inc., E. Stanley O’Neal, Ahmass L. Fakahany, Gregory J. Fleming and Jeffrey N. Edwards | Life Enrichment Foundation | U.S. District Court for the Southern District of New York | $475,000,000 | Settlement in case tied to its investments in subprime collaterallized debt obligations. | Life Enrichment Foundation v. Merrill Lynch & Co., Inc. | No. 07-CIV-9633 | Oct. 30, 2007 | www.mortgagedaily.com/LawsuitMerrill012009.asp |
| J.P. Morgan Acceptance Corporation I, J.P. Morgan Alertantive Loan Trust 2006-A1, J.P. Morgan Alertantive Loan Trust 2006-A2, J.P. Morgan Alertantive Loan Trust 2006-A3, J.P. Morgan Alertantive Loan Trust 2006-A4, J.P. Morgan Alertantive Loan Trust 2006-A5, J.P. Morgan Alertantive Loan Trust 2006-A6, J.P. Morgan Alertantive Loan Trust 2006-A7, J.P. Morgan Alertantive Loan Trust 2006-S1, J.P. Morgan Alertantive Loan Trust 2006-S1, J.P. Morgan Alertantive Loan Trust 2006-S2, J.P. Morgan Alertantive Loan Trust 2006-S3, J.P. Morgan Alertantive Loan Trust 2006-S4, J.P. Morgan Mortgage Acquisition Trust 2006-A3, J.P. Morgan Mortgage Acquisition Trust 2006-A4, J.P. Morgan Mortgage Acquisition Trust 2006-A5, J.P. Morgan Mortgage Acquisition Trust 2006-A6, J.P. Morgan Mortgage Acquisition Trust 2006-A73, J.P. Morgan Mortgage Acquisition Trust 2006-ACC1, J.P. Morgan Mortgage Acquisition Trust 2006-CH2, J.P. Morgan Mortgage Acquisition Trust 2006-HE2, J.P. Morgan Mortgage Acquisition Trust 2006-HE3, J.P. Morgan Mortgage Acquisition Trust 2006-NC1, J.P. Morgan Mortgage Acquisition Trust 2006-RM1, J.P. Morgan Mortgage Acquisition Trust 2006-S2, J.P. Morgan Mortgage Acquisition Trust 2006-WF1, J.P. Morgan Mortgage Acquisition Trust 2006-WMC2, J.P. Morgan Mortgage Acquisition Trust 2006-WMC3, J.P. Morgan Mortgage Acquisition Trust 2006-WMC4, J.P. Morgan Mortgage Acquisition Trust 2007-A1, J.P. Morgan Mortgage Acquisition Trust 2007-A2, J.P. Morgan Mortgage Acquisition Trust 2007-CH1, J.P. Morgan Mortgage Acquisition Trust 2007-CH2, J.P. Morgan Mortgage Acquisition Trust 2007-S1, J.P. Morgan Securities Inc., David M. Duzyk, Louis Schioppo Jr., Christine E. Cole and Edwin F. McMichael | Plumbers’ & Pipefitters’ Local #562 Supplemental Plan & Trust and Plumbers’ & Pipefitters’ Local # 562 Pension fund | U.S. District Court for the Eastern District of New York | na | Class action filed by MBS investors accusing JPMorgan of misrepresenting the maximum debt-to-income ratios, documentation and payment ability of borrowers on loans included in the trusts. | na | na | Jan. 21, 2009 | www.mortgagedaily.com/InvestorClassActions020609.asp |
| GS Mortgage Securities Corp. | Mississippi Public Employees Retirement System, et al. | U.S. District Court for the Southern District of New York | na | MBS investors allege GS made false statements and omitted information about underwriting standards used by loan originators, appraisal standards used to value the properties collateralizing the loans and the ratings assigned to each tranche of the certificates. | na | No. 09-CV-1110 | na | www.mortgagedaily.com/InvestorLawsuits031009.asp |
| Merrill Lynch Mortgage Investors | Mississippi Public Employees Retirement System, et al. | U.S. District Court for the Southern District of New York | na | MBS investors allege Merrill made false statements and omitted information about underwriting standards used by loan originators, appraisal standards used to value the properties collateralizing the loans and the ratings assigned to each tranche of the certificates. | na | No. 09-CV-1392 | Feb. 17, 2009 | www.mortgagedaily.com/InvestorLawsuits031009.asp |
