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Litigation

Feb. 9, 2008

Homeowners, Executive File Suits Against KB Home, Countrywide Financial

Web Exclusive - Piggybacking on a federal whistle-blower suit filed January by a former executive claiming that KB Home and Countrywide Financial Corp. conspired to inflate home prices by falsifying appraisals, two homeowners filed suit against the companies on Wednesday in Los Angeles County Superior Court.

WEB EXCLUSIVE
By Peter B. Matuszak
Daily Journal Staff Writer

      LOS ANGELES - Two lawsuits have been filed against KB Home and Countrywide Financial Corp., accusing the companies of conspiring to inflate home prices by trumping up appraisals.
      On Wednesday, two homeowners filed a suit against the companies in Los Angeles County Superior Court, on the heels of a federal whistle-blow...

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