Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
Steven Gordon |
United States |
U.S. District Court for the Southern District of Florida |
$66,000,000 |
A former executive of Bayview Financial LP has been accused by federal prosecutors of defrauding secondary investors and earning nearly $3 million in the process; Steven Gordon allegedly modified data on mortgage loan securitizations to inflate his incentive pay. |
United States of America vs. Steven Gordon |
Case No. 08-21103-CR-Jordan/McAliley |
Dec. 11, 2008 |
www.mortgagedaily.com/SecondaryFraud121208.asp |
Goldman Sachs & Co., Goldman Sachs Mortgage Company, GS Mortgage Securities Corp., GSAA Home Equity Trust |
NECA-IBEW HEALTH & WELFARE FUND |
U.S. District Court for the Southern District of New York |
na |
Class action filed on behalf of investors in some GS Mortgage Securities Corp. securitizations issued last year; defendants allegedly filed a fraudulent registration statement with the SEC on Jan. 31, 2007. |
NECA-IBEW HEALTH & WELFARE FUND, Individually and On Behalf of All Others Similarly Situated vs. GOLDMAN, SACHS & CO., et al. |
na |
Dec. 11, 2008 |
www.mortgagedaily.com/InvestorLawsuits123008.asp |
Credit-Based Asset Servicing and Securitization LLC, Merrill Lynch Mortgage Investors Inc. and some officers and directors, as well as the issuers and underwriters of the certificates. |
IRON WORKERS LOCAL NO. 25 PENSION FUND |
U.S. District Court for the Southern District of New York |
na |
The defendants allegedly filed an SEC registration that misled investors about underwriting standards, LTVs, DTI ratios and appraisals on the underlying loans. |
IRON WORKERS LOCAL NO. 25 PENSION FUND, Individually and On Behalf of All Others Similarly Situated vs. CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC, et al. |
na |
na |
www.mortgagedaily.com/InvestorLawsuits123008.asp |
Countrywide Financial Corp., Countrywide Home Loans, Inc. and Countrywide Home Loans Servicing LP |
Greenwich Financial Services Distressed Mortgage Fund 3, LLC and QED LLC |
Supreme Court of the State of New York, County of New York |
$80,000,000,000 |
A class action seeks to force Countrywide Financial Corp. to repurchase as much as $80 billion in securitized mortgages that it plans to modify. The case revolves around the $8.4 billion predatory lending settlement with several states announced in October by BoA. That agreement called for the company to systematically modify loans for nearly 400,000 troubled borrowers. |
Greenwich Financial Services Distressed Mortgage Fund 3, LLC, and QED LLC, on behalf of themselves and all other persons similarly situated v. Countrywide Financial Corporation, et al. |
na |
Dec. 1, 2008 |
www.mortgagedaily.com/LawsuitCountrywideMbs120108.asp |