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Downey Financial Corp. |
No lawsuits? Then what is this?: I copied and pasted this from the
news listed for DSL at my Scottrade account.
During the second quarter, the number of investor lawsuits tracked by
MortgageDaily.com that were filed against mortgage companies totaled
14. Four investor class-actions against IndyMac Bancorp Inc. were
tracked, while three investor lawsuits against Downey Financial Corp.
were covered. Franklin Bank Corp. faced at least two shareholder
lawsuits.
The report was based on 45 lawsuits and other legal actions covered by
MortgageDaily.com that saw some activity during the second-quarter
2008.
Cases tied to individual bankruptcies and foreclosures are generally
excluded from the report.