California Courts of Appeal
Dec. 16, 2014
4th District split on criteria for Countrywide mass action
The appellate panel rules that some 800 homeowners can join in a mass action lawsuit against Countrywide for allegedly misrepresenting the terms of their loans before the real estate crisis. The decision came with a strongly worded dissent.
Daily Journal Staff Writer
A split 4th District Court of Appeal panel has ruled that some 800 homeowners can join in a mass action lawsuit against Countrywide Financial Corp. and Countrywide Home Loans for allegedly misrepresenting the terms of their loans before the real estate crisis. The decision reverses a lower court and came with a strongly worded dissent by Justice Richard D. Fybel, calling the joinder of the claims "unpre...
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