Class Action Suit Against Countrywide

On a very general level, class action lawsuits involve a large group of people in some capacity: A collective class, even bound together over the issue of a misrepresented product, suing a defendant, or a band of defendants, individual negligent companies, as an example, being sued by an individual. While more class action lawsuits are filed for product liability claims, other types of cases end up in court, too, including groups of shareholders suing for corporate fraud, employees for discrimination, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action has its benefits. Because fewer witnesses overlap, the trial process understandably moves along more efficiently, while the cost of litigation tends to be lower than for separate plaintiffs filing alone.

Additionally, these types of cases also tend to have drawbacks. Before the class action even moves forward, the prosecuting group must be called a class. Federal courts, as well, may dismiss class actions if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

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Argument would be more compelling if the Williamses were not pursuing a class action against Countrywide for the same alleged discriminatory practice. See Williams v Williamses have is being protected in their separate suit against Countrywide. ¶11 For the foregoing reasons, we affirm the

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LINKS: 145, 146, 149, 152, 156, 158 UNITED STATES DISTRICT …
AMENDED CLASS ACTION v. CONSOLIDATED COMPLAINT 11 12 COUNTRYWIDE FINANCIAL 13 6 against the Countrywide Defendants2 pursuant to Sections 11, 16 standing inquiry merely by styling his suit as a class action.” Forsythe v. Sun Life Fin., 17 Inc., 417 F. Supp. 2d 100,

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In re COUNTRYWIDE FINANCIAL CORP. MORTGAGE-BACKED SECURITIES LITIGATION years before the filing of this suit on March 1, 2012. Am. plaintiffs had filed class action lawsuits alleging that Countrywide had falsely

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Lawsuits Against Countrywide Bank. One of the largest home lenders in the United States, Countrywide Bank, was ensnared in a number of lawsuits in 2006 for deceptive lending practices by its subprime mortgage division. A number of states sued the lender and eventually reached a class–action