January 2, 2017
Monday’s Adjudication Roundup
- The Justice Department on Thursday sued Barclays PLC, alleging that the British bank and two of its former employees made false statements about the quality of mortgages packaged into around $31 billion worth of residential mortgage-backed securities prior to the financial crisis.
- Bank of America Corp., Countrywide Financial Corp. and appraisal firm LandSafe Inc. urged a California federal court Wednesday to toss a proposed class action accusing them of conducting phony appraisals in an attempt to secure more loans.
