|
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 |
