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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title
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Case Number | Date Filed | Link to Story |
| Fannie Mae and various officers and directors | Fogel Capital Management Inc. | U.S. District Court for the Southern District of New York | na | A class action filed on behalf of investors who purchased securities between Nov. 9, 2007, and Sept. 5, 2008, accusing defendants of making materially false and misleading statements by failing to warn investors that the company was undercapitalized and would continue to be undercapitalized even after raising billions of dollars. | Fogel Capital Management, Inc. v. Federal National Home Mortgage Association, et al. | 08-CV-8806 | September 18, 2008 | https://www.mortgagedaily.com/Mergers092408.asp |
| Fannie Mae’s Directors and Officers | Fannie Mae shareholders | U.S. District Court for the Southern District of Florida | na | A class action lawsuit was filed on behalf of shareholders against Fannie’s entire board of directors and several former officers. The defendants allegedly violated the Securities Exchange Act of 1934 and the Florida Deceptive Trade Practices Act by making false statements, failing to disclose adverse conditions of the company and artificially inflating the price of the stock. | na | na | September 11, 2008 | https://www.mortgagedaily.com/Mergers091208.asp |
| Fifth Third Bancorp | Shareholders who purchased stock between Oct. 19, 2007. and June 17, 2008 | U.S. District Court for the Southern District of Ohio | na | A securities class-action lawsuit was filed against Fifth Third Bancorp on behalf of shareholders, claiming misleading and false statements by the Cincinnati-based bank about its tier-1 capital artificially inflated the price of its shares between Oct. 19, 2007. and June 17, 2008. | na | na | na | https://www.mortgagedaily.com/Mergers070108.asp |
| Franklin Bank Corp., Anthony Nocella and Russell McCann | Purchasers of stock April 26, 2007, and May 1, 2008 | U.S. District Court for the Southern District of Texas | na | A class action lawsuit was filed on behalf of purchasers of stock April 26, 2007, and May 1, 2008. | Individually and on Behalf of All Others Similarly Situated vs. Frankline Bank Corp., Anthony Nocella and Russell McCann | Civil Action No. H-08-2196 | July 11, 2008 | https://www.mortgagedaily.com/Mergers072308.asp |
| Goldman Sachs & Co., J.P. Morgan Chase & Co., and Citigroup Global Markets Inc. | Robert Mark, individually and on Behalf of all others similarly situated | U.S. District Court for the Southern District of New York | na | “A class action law suit was filed on behalf of all purchasers of Freddie’s series Z preferred against investment banking firms that underwrote the offering, accusing them of violating Section 12(a)(2) of the Securities Act of 1933 by failing to warn investors in marketing material about Freddie’s poor underwriting standards, inadequate risk-management procedues and exposure to mortgage losses. | Mark v. Goldman Sachs & Co., et al. | 08-CV-8181 | September 23, 2008 | https://www.mortgagedaily.com/Mergers092408.asp |
| IndyMac Bancorp Inc, Michael W. Perry and A. Scott Keys | Ariel Investments LTD | U.S. District Court, Central District of California | na | A class action lawsuit was filed on behalf of investors who purchased the company’s common stock between Aug. 17, 2007, through May 11, 2008. The defendants are accused of misleading investors by hiding the degree of exposure the company had to option adjustable-rate mortgages. | Ariel Investments LTD v. IndyMac Bancorp, Inc., et al. | na | na | https://www.mortgagedaily.com/Mergers070708.asp |
| IndyMac Bancorp, Inc., Michael W. Perry, A. Scott Keys | Daniels | U.S. District Court for the Central District of California | na | An investor class-action has been filed against IndyMac Bancorp Inc., its former CEO Michael W. Perry and its former chief financial officer, A. Scott Keys on behalf of purchasers of stock between April 26, 2007 and May 12, 2008. | Daniels v. Perry and Keys | No. CV08-05073 | na | https://www.mortgagedaily.com/Mergers080808.asp |
| Merrill Lynch, Pierce, Fenner & Smith Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Securities LLC and Wachovia Capital Markets LLC | Fannie Mae preferred shareholders | U.S. District Court for the Southern District of New York | na | A class action lawsuit was filed on behalf of purchasers of Fannie’s $2 billion offering of 8.25 percent non-cumulative preferred stock, series T over alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. | na | na | na | https://www.mortgagedaily.com/Mergers091808.asp |
| National Bank of Kansas City | Sofco LLC, R. Scott Christian, and Robert R. Jones | U.S. District Court for the District of Kansas | more than $6 million | A mortgage banking joint venture between a Colorado firm and a Kansas bank appeared to be weathering the financial markets storm until March, when the bank pulled the plug on the operation. Now the bank is being sued for millions of dollars by its former partners | Sofco LLC, a Colorado Limited Liability Company, 6160 S. Syracuse Way, Suite 105, Greenwood Village, Colorado 80111, R. Scott Christian, 6160 Syracuse Way, Suite 105, Greenwood Village, Colorado 80111, and Robert R. Jones, 3515 Tamarac Drive, Suite 120, Denver, Colorado 80237, vs. National Bank of Kansas City, a National Banking Association, 10700 Nall Avenue, Suite 200, Overland Park, Kansas 66211 | No. 08-2366 JAR/KGS | Aug. 6, 2008 | https://www.mortgagedaily.com/LawsuitFirstFractional081908.asp |
| Stephen B. Ashley, Daniel H. Mudd, Stephen M. Swad and Robert J. Levin | John A. Genovese | U.S. District Court for the Southern District of New York | na | A class action lawsuit was filed against Fannie executives on behalf of purchasers of the company’s securities between November 16, 2007 and Sept. 5, 2008, alleging violations of the Securities Exchange Act of 1934 by issuing false and misleading statements about Fannie’s buisness prospects and financial statements. | John A. Genovese, Individually and On Behalf of All Others Similarly Situated, vs. Stephen B. Ashley, Daniel H. Mudd, Stephen M. Swad and Robert J. Levin | na | September 8, 2008 | https://www.mortgagedaily.com/Mergers090908.asp |
| Thornburg Mortgage Inc. | Slater, Gonsalves, Smith, Sedlmyer and Snydman | na | na | Litigation currently pending against Thornburg according to earnings report. | In re Thornburg Mortgage Inc. Securities Litigation | na | na | https://www.mortgagedaily.com/ThornburgLiquidity082708/ |
| Thornburg Mortgage Inc. | Nanette Lewis | First Judicial District Court, Santa Fe County, New Mexico | na | Litigation currently pending against Thornburg according to earnings report. | Shareholder Derivative Complaint | na | Aug. 24, 2007 | https://www.mortgagedaily.com/ThornburgLiquidity082708/ |
| Wachovia Corp. | Common stock investors from May 6, 2006, to June 6, 2006 | U.S. District Court for the Southern District of New York | na | A class action was announced against Wachovia Corp., filed on behalf of investors who purchased common stock from May 6, 2006, and June 6, 2008. | na | No. 08 CV 6171 | na |
