WaMu sued over home appraisals - law firm
Lawyer Blogs
A law firm said on Monday it had filed an investor lawsuit against Washington Mutual Inc, alleging it pressured a unit of First American Corp to inflate the appraisal value of homes.
The lawsuit comes after New York Attorney General Andrew Cuomo sued First American and its unit eAppraiseIT last week for allegedly colluding with Washington Mutual to inflate the appraisal values of homes. Cuomo did not name Washington Mutual as a defendant in his case.
The latest suit, which seeks to represent investors who bought Washington Mutual shares between July 19, 2006 and Oct. 31, 2007, also names certain officers and directors of the largest U.S. savings and loan, the law firm, Wolf Popper LLP, said in a statement.
Washington Mutual spokeswoman Libby Hutchinson said the company doesn't comment on the specifics of litigation.
But she added, "The integrity of our appraisal process is very important to us, and we work hard to make sure that it operates properly."
The suit, which was filed in U.S. District Court in New York, alleges claims for securities fraud, the law firm said.
The complaint alleges that inflated appraisals led to Washington Mutual's financial results to be misstated, it said.
Related listings
-
IRobot wins injunction against competitor
Lawyer Blogs 11/05/2007[##_1L|1283119053.jpg|width="120" height="118" alt=""|_##]A federal judge in Boston has issued an injunction against a Chicago-area robot maker accused of stealing trade secrets from iRobot Corp. of Burlington.In August, iRobot sued Robotic FX Inc. o...
-
Alabama Supreme Court schedules two executions
Lawyer Blogs 11/01/2007[##_1L|1217173687.jpg|width="127" height="85" alt=""|_##]The Alabama Supreme Court has scheduled executions for death row inmates Thomas Douglas Arthur on Dec. 6 and James Harvey Callahan on Jan. 31, but a case before the U.S. Supreme Court could del...
-
Court: Former Ill. Gov Must Go to Jail
Lawyer Blogs 11/01/2007[##_1L|1171785239.jpg|width="120" height="101" alt=""|_##]Saying it is time for former Gov. George Ryan to start his prison sentence, a federal appeals court denied his request Wednesday to remain free while he challenges his conviction on corruption...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.