FDIC v. CoreLogic — Court Rules on eAppraiseIT’s Motions to Dismiss and Strike FDIC’s 1st Amended Complaint

Judge Carter ruled yesterday on eAppraiseIT’s motions attacking the FDIC’s First Amended Complaint in the lawsuit filed by the FDIC against CoreLogic/eAppraiseIT and their various affiliates on May 9, 2011.  eAppraiseIT’s Motion to Dismiss Count I — Breach of Contract Relating to Appraisals Delivered Prior to Signing of Formal Written Read more…

WaMu’s Top Officers Pay Pennies on the Dollar to Settle FDIC Claims. What’s the FDIC’s Case Against LSI Appraisal of Lender Processing Services Worth?

In March of this year, the FDIC sued Washington Mutual’s former CEO Kerry Killinger, its former chief operating officer Stephen Rotella and its former head of residential lending David Schneider for $900 million in alleged damages resulting from their “gross negligence” in running WaMu’s residential lending business.  The FDIC claimed Read more…

Cuomo v. eAppraiseIT: New York’s Highest Court Rules that the People’s Case Against eAppraiseIT Will Go Forward

In an opinion published today concerning the 2007 lawsuit filed by then Attorney General Cuomo against First American Corporation and its former appraisal management company eAppraiseIT, New York state’s highest court — its Court of Appeals — has ruled that the trial court properly denied eAppraiseIT’s motion to dismiss.  In Read more…

FDIC Suffers Another Setback in Its AMC Litigation — Court Grants CoreLogic’s Motion to Dismiss Gross Negligence Claim (with Leave to Amend)

Caption of 11-14-11 Order In a November 14 ruling in the FDIC’s lawsuit against CoreLogic and its various subsidiaries, Judge Carter dismissed the FDIC’s gross negligence claim (with leave for the FDIC to amend) based on the economic loss rule for the same reasons he previously dismissed the FDIC’s similar Read more…