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Mortgage Employment Lawsuits Third Quarter 2009 Mortgage Litigation Report

Mortgage Employment Lawsuits
Third Quarter 2009 Mortgage Litigation Report

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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
Mortgage Lenders Network USA, Inc. Guiseppe Caccamo, Robie-Lyn Harnois United States Bankruptcy Court for the District of Delaware $2,700,000 Defendant debtor signed settlement agreement compensating class plaintiffs- comprised of former employees- for wrongful termination of employment, violation of the WARN Act requiring 60 day notice to state. Guiseppe Caccamo and Robie-Lyn Harnois v. Mortgage Lenders Network USA, Inc. 07-51415 (PJW) Aug. 5, 2009 www.mortgagedaily.com/lawsuittaylorbean081209.asp
First Magnus Financial Corp. Group of employees U.S. 9th Circuit Court of Appeals WARN violations alleged. na na na www.mortgagedaily.com/Lawsuits091509.asp
Taylor, Bean and Whitaker Mortgage Corporation Nicholas A. Callahan U.S. District Court for the Middle District of Florida n/a Class action filed against Taylor, Bean & Whitaker on behalf of more than 1,000 former employees who were allegedly laid off without being provided a minimum of 60 days notice as required by the Worker Adjustment and Retraining Notification Act. Callahan v. Taylor, Bean & Whitaker Mortgage Corp. 5:2009cv00346 8/10/2009 www.mortgagedaily.com/forms/MortgageDaily.comSubscriberKit.pdf
Countrywide Financial Corp., Henry G Cisneros, Jeffrey M Cunningham, Robert J Donato, Michael E Dougherty, Edwin Heller, Oscar P Robertson, Harley W Snyder, Marshall M Gates and John and Jane Does 1-20 Vincent Alvidres, Individually and on Behalf of All Others Similarly Situated U.S. District Court for the Central District of California n/a A federal judge has temporarily approved a settlement of a class action brought by employees of Countrywide who participated in defendant’s 401(k) savings and investment plan, and who bought or sold Countrywide securities through the plan between Jan. 31, 2006, and July 1, 2008. The class action alleged violations of ERISA. Vincent Alvidres v. Countrywide Financial Corporation et al. No. 2:2007cv05810 9/6/2007 www.mortgagedaily.com/InvestorLawsuits090309.asp

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