Posts Tagged ‘ Countrywide Financial ’

Week Adjourned: 3.4.11

March 4th, 2011. By LucyC

Top Class Actions

Glass Ceiling with a $100M Price Tag at CIGNA? Well, this has certainly been a time for discrimination class actions. Filed, that is. Topping the list—Cigna Health Care—based on the number of potential plaintiffs—dollars. This one’s all about gender discrimination—in the form of a hostile work environment and differential treatment of males and females occurs company-wide the suit alleges.

The complaint, filed by Ms. Bretta Karp, a long-time contracting manager with Cigna, claims that Ms. Karp and other female employees were disriminated against by treating them less favorably than male employees in similar positions and by subjecting all females to intentional, deliberate and wilful discriminatory denials of promotions and pay raises, discriminatory evaluations, disparate terms and conditions of work, harassment, hostile work environments, and other forms of discrimination in callous disregard of their rights.

The complaint further details that CIGNA has created a hostile work environment where male supervisors harass and intimidate female employees, where management has made clear that it favors male employees over women, and where company investigations into complaints made by female employees are either nonexistent or superficial and inadequate.

And the amount sought in damages? $100 million baby—along with litigation costs and Read the rest of this entry »

Tags: Ameriprise Financial, Bank of America, Cigna, Countrywide Financial, Discrimination, Ponzi scheme, Securities Fraud
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Week Adjourned: 11.06.09

November 6th, 2009. By LucyC

Top Class Actions

Business Ethics 2009: “Conspiring to Manipulate”—it’s sort of the theme in this week’s class actions…read on…

Homeowners High-Jacked on Home Appraisals? A Central Florida homeowner forced into foreclosure has filed a class-action lawsuit against KB Home, Countrywide Financial and LandSafe Appraisal Services.

The allegations? Price-fixing, in a nutshell, or “conspiring to manipulate.” The suit claims that the three companies conspired to rig housing prices in Florida, South Carolina and North Carolina, costing home purchasers millions of dollars, and fueling the collapse of the region’s housing market. That’s no mean feat.

The companies managed this, allegedly, by using a well-planned scheme to control the typically independent appraisal process, jacking up home values, which, in turn, were used to determine the value of other homes sold by KB, affecting thousands of homeowners.

If you live in Florida, South Carolina or North Carolina and used Countrywide and LandSafe Read the rest of this entry »

Tags: ACCS, BankAtlantic, Countrywide Financial, Home Appraisals, KB Home, Overdraft fees, Pennsylvania
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