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Class Action Legal News articles include legal news and lawsuit information about lawsuits filed, settlements reached and verdicts rendered in class action cases dealing with personal injury, defective products, bad drugs and other consumer law related news issues. Many of these articles include interviews from top legal professionals with guidance on legal recourse options from losses resulting from bad drugs, medical malpractice, investment fraud, personal injury, defective products and negligent employers.

  • Washington Mutual Appraisals Investigated by the SEC
    Washington Mutual Appraisals Investigated by the SEC
    December 21, 2007

    Seattle, WA The Securities and Exchange Commission (SEC) is now investigating allegations about Washington Mutual's practice of inflating home appraisals. The SEC's investigation will look at whether WaMu accurately told investors how its loans were appraised and whether the company's loans were properly disclosed to investors.

  • WaMu: Shares Drop, Pressure Mounts Over Alleged Wrongdoing
    WaMu: Shares Drop, Pressure Mounts Over Alleged Wrongdoing
    November 10, 2007

    New York, NY It has been a week of tumult and turmoil for Washington Mutual and First American, since New York State Attorney General Andrew Cuomo initiated a lawsuit against First American and its real estate appraisal arm, eAppraiseIT alleging an illegal practice of inflating the values of homes to qualify for loans.

  • WaMu Inflated Valuations Hurt Consumers
    WaMu Inflated Valuations Hurt Consumers
    November 5, 2007

    New York, NY A lawsuit filed November 1st against First American Corp. alleges that the Santa Ana California-based mortgage appraiser illegally inflated the values of homes qualifying for mortgage loans at the behest of Washington Mutual. The result suggests that many homeowners may have overpaid for their homes.

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