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Mortgage Employment Lawsuits First Quarter 2009 Mortgage Litigation Report

Mortgage Employment Lawsuits
First Quarter 2009 Mortgage Litigation Report

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
Interim Funding LLC, Richard E. Jungen, Elaine E. Jungen, Jerome J. Poehnelt, Kevin J. Dwyer, Charles L. Miller CSMC Inc. Milwaukee County Circuit Court na The defendants are accused of secretly operating their own mortgage business and warehouse lending facility while they were still responsible for running the plaintiff firm. CSMC Inc. v. Interim Funding LLC 2009CV001723 Feb. 2, 2009 www.mortgagedaily.com/LawsuitCsmc020509.asp
Vantage Capital Corp. and Michael Brauser Homebridge Mortgage Bankers Corp. U.S. District Court for the Southern District of New York na More than two years have passed since the original complaint was filed, and cased has yet still to be tried. Homebridge Mortgage Bankers Corp. v. Vantage Capital Corp. No. 06-CV-09465 Oct. 17, 2006 www.mortgagedaily.com/ClosureHomebridge012709.asp
Homebridge Mortgage Bankers Corp., David I. Pankin James Armstrong, Matt Crosta, Eric Licursi, Chris Siefert, Anthony Soriano, and Michael Walsh, on behalf of themselves and all others similarly situated U.S. District Court for the Eastern District of New York na Four class actions filed in 2007 by 43 employees seeking to recover unpaid overtime, interest, attorneys’ fees and costs for violations of the Fair Labor Standards Act were consolidated. Armstrong v. Homebridge Mortgage Bankers Corp. No. 07-CV-1024 Mar. 9, 2007; Consolidated Apr. 30, 2008 www.mortgagedaily.com/ClosureHomebridge012709.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

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