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Litigation

Oct. 1, 2008

Judge Removes Hurdle for Jilted Borrowers

Lawyers for homeowners who claim failed IndyMac Bank cheated them won a quick and potentially significant victory Tuesday against the lender's federal insurer, which they accuse of blocking their attempts to seek damages.

By Don J. DeBenedictis

Daily Journal Staff Writer

SANTA ANA - Lawyers for homeowners who claim failed IndyMac Bank cheated them won a quick and potentially significant victory Tuesday against the lender's federal insurer, which they accuse of blocking their attempts to seek damages.

U.S. District Judge Alicemarie H. Stotler in Santa Ana temporarily blocked a deadline for borrowers to file claims with the Federal Deposit Insurance Corp. against the Pasade...

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