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In 2003, Countrywide was the subject of a class-action lawsuit alleging overtime violations. Countrywide was charged with working employees 10–15 hours per day, 6 to 7 days per week without compensating them for overtime wages. The lawsuit was settled in May 2005, with the payment of $30 million in compensation to 400 account executives. [11]
Robbins Geller Rudman & Dowd LLP Announces Countrywide to Pay $500 Million to Settle Mortgage-Backed Securities Case The half-billion dollar settlement is the largest ever MBS class action ...
The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
November 1, 2022 at 3:21 PM. Several large class-action settlements affecting consumers nationwide have claim deadlines in November. Consumers who take action by these deadlines could recover ...
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1][2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of ...
A class action settlement occurs when a group of people bring a civil lawsuit against a company or organization. The company may negotiate a settlement and pay a large amount of money, which gets ...
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