Category Archives: hedge funds

Countrywide Attorney Sends Letter to Greenwich Financial’s Counsel Urging Hedge Fund to Withdraw Lawsuit


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In a peculiar turn of events, Countrywide Financial has attempted to address the recently-filed lawsuit against it by Greenwich Financial Services with an age-old strategy of conflict resolution: just ask nicely. As reported by Reuters, Countrywide attorney John Beisner, from … Continue reading

Posted in Attorneys General, BofA, class actions, Countrywide, Greenwich Financial Services, hedge funds, lawsuits, litigation, loan modifications, motions to dismiss, press, repurchase, settlements, workouts | Leave a comment

Under Countrywide Stipulated Judgment, Investors Must Be Consulted


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After reviewing the Complaint filed by hedge fund Greenwich Financial Services against Countrywide and BofA and listening to the comments made last week by Greenwich CEO William Frey and his attorney regarding the case, I decided to take a closer … Continue reading

Posted in Attorneys General, BofA, Countrywide, Greenwich Financial Services, hedge funds, investors, Jerry Brown, lawsuits, litigation, loan modifications, settlements, stipulated judgments, William Frey | Leave a comment

Hedge Fund Greenwich Financial Files Lawsuit Against Countrywide (BofA) Over Loan Modifications


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As anticipated and previously discussed (see last week’s post), a hedge fund has indeed sued Countrywide Financial Corporation (now a part of Bank of America) over loan modifications Countrywide agreed to make under the terms of a settlement reached with … Continue reading

Posted in Attorneys General, BofA, Complaints, Countrywide, Greenwich Financial Services, hedge funds, investors, lawsuits, loan modifications, repurchase, securitization, subprime, underwriting practices | Leave a comment

Not-So-Free Market: Group of Large Hedge Funds Expected to Sue FSA Over Short-Selling Ban


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Thanks to Bryan Carter and the Tuscan Group for passing along this article on the litigation expected to arise from the U.K. regulator’s decision to ban short-selling for financial company stocks. On September 18, England’s Financial Services Authority (FSA) announced … Continue reading

Posted in FSA, hedge funds, investors, liquidity, litigation, SEC, short-selling, volatility | Leave a comment