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Mortgage Employment Lawsuits Second-Quarter 2010 Mortgage Litigation Index

Mortgage Employment Lawsuits
Second-Quarter 2010 Mortgage Litigation Index

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
Chase Home Finance LLC Judson Newhall et al. U.S. District Court for the District of New Jersey na Class Action suit alleging failure to pay overtime based on new interpretation of overtime requirements issued by the U.S. Dept. of Labor Newhall et al. v. Chase Home Finance LLC 2:10-cv-02749-WJM-MF 28-May-10 www.mortgagedaily.com/LawsuitChaseOt060710.asp
Branch Banking & Trust Company Amy Stroupe U.S. Department of Labor n/a Plaintiff was fired after uncovering a $100 million Ponzi scheme, funded in part with $20 million in fraudulent loans funded by her employer. An Administrative Law Judge ordered Defendant to reinstate Plaintiff to her position as a corporate fraud investigator after finding that Defendant violated the whistleblower provision of the Sarbanes-Oxley Act. Stroupe v. Branch Banking & Trust Co. Case No. 2008-SOX-00047 11-Sep-07 www.mortgagedaily.com/LawsuitBbt040610.asp
Penny J. Spencer, Thomas F. Sands, Stephen D. Rasey and Kimberly A. Davis n/a United States District Court for the Southern District of Ohio $234,349 Employees of an Ohio mortgage broker, MacLoud Financial, have plead guilty to attempting to avoid tax liabilities through a scheme where they accepted expense reimbursements in lieu of wages. The IRS prosecuted four conspirators. Penny J. Spencer was the last to plead guilty. n/a n/a n/a www.mortgagedaily.com/MCTBrokerReimbursements051310.asp

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