Powell et al v. Ocwen Financial Corporation et al

  1. June 02, 2023

    Ocwen, Wells Fargo Beat ERISA Suit Over Mortgages

    Ocwen Financial Corp. and Wells Fargo defeated a union pension fund's suit claiming the companies violated the Employee Retirement Income Security Act by exploiting homeowners during the financial crisis, as a New York federal judge ruled the mortgage-backed securities at issue weren't plan assets.

  2. October 28, 2020

    Ocwen, Wells Fargo Fight Bringing Fla. Deal Into ERISA Suit

    Ocwen Financial Corp. and Wells Fargo are arguing that a union pension fund's trustees shouldn't be allowed to use Ocwen's recent $11 million settlement in a mortgage misconduct suit in Florida as a pawn in their ERISA lawsuit in New York federal court.

  3. April 20, 2020

    Pension Fund Fights To Keep Ocwen ERISA Suit Alive

    A union pension fund's trustees have urged a New York federal judge not to sink their suit accusing Ocwen Financial Corp. of exploiting homeowners during the 2008 financial crisis, arguing the mortgage lender is trying to skirt its responsibilities under federal benefits law.

  4. March 09, 2020

    Ocwen, Wells Fargo Aim To Sink ERISA Suit Over 2008 Crisis

    Ocwen Financial Corp. and Wells Fargo want to torpedo a suit claiming the mortgage lender exploited homeowners during the 2008 financial crisis while the bank stood idly by, arguing the union pension funds that sued are trying to expand ERISA further than it was intended to reach.

  5. November 21, 2019

    Union Fund Gets Green Light To Expand Ocwen ERISA Suit

    A union pension fund's trustees can add to their ERISA lawsuit accusing Ocwen Financial Corp. of profiting off the 2000s financial crisis by pushing homeowners into foreclosure, a New York federal judge ruled Thursday.

  6. October 30, 2019

    Insurers Blast 'Improper' Additions To Ocwen ERISA Suit

    Assurant Inc. and several other companies on Wednesday ripped a union pension fund's bid to amend its suit accusing Ocwen Financial Corp. of exploiting homeowners during the financial crisis, telling a New York federal judge that the fund's trustees weren't candid about the scope of the revisions.  

  7. March 18, 2019

    Ocwen, Wells Fargo Can't Nix ERISA Suit Over Mortgages Yet

    A New York federal judge has decided not to fully rule on two bids to toss a proposed Employee Retirement Income Security Act class action accusing Ocwen Financial Corp. of exploiting homeowners during the financial crisis while Wells Fargo looked on, so that he could consider evidence casting "considerable doubt" on the claims' viability.

  8. October 19, 2018

    Ocwen, Others Want Fund's ERISA Suit Over RMBS Nixed

    Ocwen Financial Corp., Wells Fargo and others urged a New York federal judge to toss a proposed Employee Retirement Income Security Act class action alleging that Ocwen profited by pushing homeowners into foreclosure during the financial crisis, arguing that a pension fund couldn't bring claims on behalf of other plans.

  9. September 19, 2018

    Pension Fund Fights Ocwen Bid To Tank ERISA Mortgage Row

    A company accused of profiting by pushing homeowners into foreclosure after the housing bubble burst should have to face claims that its alleged actions violated the Employee Retirement Income Security Act, and companies that helped or watched should too, a pension fund told a New York federal judge Wednesday.

  10. March 06, 2018

    Pension Fund Hits Ocwen With ERISA Suit Over RMBS

    Ocwen Financial Corp. ignored its fiduciary duties under the Employee Retirement Income Security Act while servicing residential mortgage-backed securities and unjustly profited from them during the financial crisis, a benefit plan alleged in New York federal court Monday.