Category Archives: investors
Under Countrywide Stipulated Judgment, Investors Must Be Consulted
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
William Frey and David Grais Appear on Fox News to Defend Greenwich Suit Against Countrywide
Greenwich Financial Services CEO William Frey and his attorney, David Grais, of Grais & Ellsworth LLP appeared on Fox News on Tuesday to answer questions about their lawsuit against Countrywide (see other postings on this story). In the segment, linked … Continue reading
Hedge Fund Greenwich Financial Files Lawsuit Against Countrywide (BofA) Over Loan Modifications
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
Investors Cry Foul at BofA Settlement of Countrywide Suits. Why the Resistance?
Not everyone is pleased with Bank of America’s record-setting $8.68 billion settlement of lawsuits against Countrywide by attorneys general across the country (see previous post here). Under the agreement, BofA, which acquired Countrywide in July of this year, agreed to … Continue reading
Not-So-Free Market: Group of Large Hedge Funds Expected to Sue FSA Over Short-Selling Ban
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
