Plaintiffs' Counsel Announce Pendency and Proposed Settlement of Countrywide Mortgage-Backed Securities Litigation
Aug 23, 2013, 09:00 ET
LOS ANGELES, Aug. 23, 2013 /PRNewswire/ -- The following statement is being issued by Cohen Milstein Sellers & Toll PLLC, Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP regarding the Countrywide Mortgage-Backed Securities Litigation.
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION
MAINE STATE RETIREMENT SYSTEM, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:10-CV-00302 MRP (MANx)
DAVID H. LUTHER, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:12-CV-05125 MRP (MANx)
WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:12-CV-05122 MRP (MANx)
SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTIONS, FAIRNESS HEARING AND MOTION FOR AN AWARD OF ATTORNEYS' FEES AND LITIGATION EXPENSES
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE INDIVIDUAL SECURITIES ISSUED AS PART OF THE 429 OFFERINGS AT ISSUE IN THE ACTIONS DURING THE PERIOD MARCH 12, 2004 THROUGH AUGUST 7, 2013 (THE "CLASS").
Please Note: The 429 Offerings at issue in the Actions are listed below and in the detailed Notice of Pendency and Proposed Settlement of Class Actions, Fairness Hearing and Motion for an Award of Attorneys' Fees and Litigation Expenses which was mailed to potential Class Members and nominees, and also can be viewed, along with a complete list of the individual securities issued as part of the 429 Offerings, by visiting the website for the settlement, www.countrywidembssettlement.com:
NO./ISSUING TRUST |
NO./ISSUING TRUST |
NO./ISSUING TRUST |
Alternative Loan Trust |
147. 2007-12T1 |
287. 2007-13 |
1. 2005-27 |
148. 2007-13 |
288. 2007-14 |
2. 2005-28CB |
149. 2007-14T2 |
289. 2007-15 |
3. 2005-30CB |
150. 2007-15CB |
290. 2007-16 |
4. 2005-31 |
151. 2007-16CB |
291. 2007-17 |
5. 2005-32T1 |
152. 2007-17CB |
292. 2007-18 |
6. 2005-33CB |
153. 2007-18CB |
293. 2007-19 |
7. 2005-34CB |
154. 2007-19 |
294. 2007-2 |
8. 2005-35CB |
155. 2007-1T1 |
295. 2007-20 |
9. 2005-36 |
156. 2007-20 |
296. 2007-21 |
10. 2005-37T1 |
157. 2007-21CB |
297. 2007-3 |
11. 2005-38 |
158. 2007-22 |
298. 2007-4 |
12. 2005-40CB |
159. 2007-23CB |
299. 2007-5 |
13. 2005-41 |
160. 2007-24 |
300. 2007-6 |
14. 2005-42CB |
161. 2007-2CB |
301. 2007-7 |
15. 2005-43 |
162. 2007-3T1 |
302. 2007-8 |
16. 2005-44 |
163. 2007-4CB |
303. 2007-9 |
17. 2005-45 |
164. 2007-5CB |
304. 2007-HY1 |
18. 2005-46CB |
165. 2007-6 |
305. 2007-HY3 |
19. 2005-47CB |
166. 2007-7T2 |
306. 2007-HY4 |
20. 2005-48T1 |
167. 2007-8CB |
307. 2007-HY5 |
21. 2005-49CB |
168. 2007-9T1 |
308. 2007-HY6 |
22. 2005-50CB |
169. 2007-AL1 |
309. 2007-HY7 |
23. 2005-51 |
170. 2007-HY2 |
310. 2007-HYB1 |
24. 2005-52CB |
171. 2007-HY3 |
311. 2007-HYB2 |
25. 2005-53T2 |
172. 2007-HY4 |
312. 2007-J1 |
26. 2005-54CB |
173. 2007-HY5R |
313. 2007-J2 |
27. 2005-55CB |
174. 2007-HY6 |
314. 2007-J3 |
28. 2005-56 |
175. 2007-HY7C |
CWABS Asset-Backed Certificate Trust |
29. 2005-57CB |
176. 2007-HY8C |
315. 2006-ABC1 |
30. 2005-58 |
177. 2007-HY9 |
316. 2005-10 |
31. 2005-59 |
178. 2007-J1 |
317. 2005-11 |
32. 2005-60T1 |
179. 2007-J2 |
318. 2005-12 |
33. 2005-61 |
180. 2007-OA10 |
319. 2005-13 |
34. 2005-62 |
181. 2007-OA11 |
320. 2005-14 |
35. 2005-63 |
182. 2007-OA2 |
321. 2005-15 |
36. 2005-64CB |
183. 2007-OA3 |
322. 2005-16 |
37. 2005-65CB |
184. 2007-OA4 |
323. 2005-17 |
38. 2005-67CB |
185. 2007-OA6 |
324. 2005-4 |
39. 2005-70CB |
186. 2007-OA7 |
325. 2005-5 |
40. 2005-71 |
187. 2007-OA8 |
326. 2005-6 |
41. 2005-72 |
188. 2007-OA9 |
327. 2005-7 |
42. 2005-73CB |
189. 2007-OH1 |
328. 2005-8 |
43. 2005-74T1 |
190. 2007-OH2 |
329. 2005-9 |
44. 2005-75CB |
191. 2007-OH3 |
330. 2005-AB2 |
45. 2005-76 |
Alternative Loan Trust Resecuritization |
331. 2005-AB3 |
46. 2005-77T1 |
192. 2006-22R |
332. 2005-AB4 |
47. 2005-79CB |
193. 2007-26R |
333. 2005-AB5 |
48. 2005-80CB |
Alternative Loan Trust |
334. 2005-BC3 |
49. 2005-81 |
194. 2005-85CB |
335. 2005-BC4 |
50. 2005-82 |
195. 2005-J1 |
336. 2005-BC5 |
51. 2005-83CB |
196. 2005-J3 |
337. 2005-HYB9 |
52. 2005-84 |
197. 2005-J4 |
338. 2005-IM1 |
53. 2005-86CB |
198. 2005-J5 |
339. 2005-IM2 |
54. 2005-AR1 |
199. 2005-J6 |
340. 2005-IM3 |
55. 2005-1M1 |
200. 2005-1CB |
341. 2006-1 |
56. 2005-J10 |
201. 2005-2 |
342. 2006-10 |
57. 2005-J11 |
202. 2005-3CB |
343. 2006-11 |
58. 2005-J12 |
203. 2005-4 |
344. 2006-12 |
59. 2005-J13 |
204. 2005-6CB |
345. 2006-13 |
60. 2005-J14 |
205. 2005-7CB |
346. 2006-14 |
61. 2005-J7 |
206. 2005-9CB |
347. 2006-15 |
62. 2005-J8 |
207. 2005-10CB |
348. 2006-16 |
63. 2005-J9 |
208. 2005-11CB |
349. 2006-17 |
64. 2006-11CB |
209. 2005-13CB |
350. 2006-18 |
65. 2006-12CB |
210. 2005-14 |
351. 2006-19 |
66. 2006-13T1 |
211. 2005-16 |
352. 2006-2 |
67. 2006-14CB |
212. 2005-17 |
353. 2006-20 |
68. 2006-15CB |
213. 2005-18CB |
354. 2006-21 |
69. 2006-16CB |
214. 2005-19CB |
355. 2006-22 |
70. 2006-17T1 |
215. 2005-20CB |
356. 2006-23 |
71. 2006-18CB |
216. 2005-21CB |
357. 2006-24 |
72. 2006-19CB |
217. 2005-22T1 |
358. 2006-25 |
73. 2006-20CB |
218. 2005-23CB |
359. 2006-26 |
74. 2006-21CB |
219. 2005-24 |
360. 2006-3 |
75. 2006-23CB |
220. 2005-25T1 |
361. 2006-4 |
76. 2006-24CB |
221. 2005-26CB |
362. 2006-5 |
77. 2006-25CB |
222. 2005-69 |
363. 2006-6 |
78. 2006-26CB |
Alternative Loan Trust Resecuritization |
364. 2006-7 |
79. 2006-27CB |
223. 2005-5R |
365. 2006-8 |
80. 2006-28CB |
Alternative Loan Trust |
366. 2006-9 |
81. 2006-29T1 |
224. 2005-J2 |
367. 2006-BC1 |
82. 2006-2CB |
Alternative Loan Trust Resecuritization |
368. 2006-BC2 |
83. 2006-30T1 |
225. 2005-12R |
369. 2006-BC3 |
84. 2006-31CB |
Alternative Loan Trust |
370. 2006-BC4 |
85. 2006-32CB |
226. 2005-29CB |
371. 2006-BC5 |
86. 2006-33CB |
227. 2007-25 |
372. 2006-IM1 |
87. 2006-34 |
CHL Mortgage Pass-Through Trust |
373. 2006-SPS1 |
88. 2006-35CB |
228. 2005-15 |
374. 2006-SPS2 |
89. 2006-36T2 |
229. 2005-16 |
375. 2007-1 |
90. 2006-37R |
230. 2005-17 |
376. 2007-10 |
91. 2006-39CB |
231. 2005-18 |
377. 2007-11 |
92. 2006-40T1 |
232. 2005-19 |
378. 2007-12 |
93. 2006-41CB |
233. 2005-20 |
379. 2007-13 |
94. 2006-42 |
234. 2005-21 |
380. 2007-2 |
95. 2006-43CB |
235. 2005-22 |
381. 2007-3 |
96. 2006-45T1 |
236. 2005-23 |
382. 2007-4 |
97. 2006-46 |
237. 2005-24 |
383. 2007-5 |
98. 2006-4CB |
238. 2005-25 |
384. 2007-6 |
99. 2006-5T2 |
239. 2005-26 |
385. 2007-7 |
100. 2006-6CB |
240. 2005-27 |
386. 2007-8 |
101. 2006-7CB |
241. 2005-28 |
387. 2007-9 |
102. 2006-8T1 |
242. 2005-29 |
388. 2007-BC1 |
103. 2006-9T1 |
243. 2005-30 |
389. 2007-BC2 |
104. 2006-HY10 |
244. 2005-31 |
390. 2007-BC3 |
105. 2006-HY11 |
245. 2005-HYB10 |
CWHEQ Home Equity Loan Trust |
106. 2006-HY12 |
246. 2005-HYB4 |
391. Series 2006-S1 |
107. 2006-HY13 |
247. 2005-HYB5 |
392. Series 2006-S10 |
108. 2006-HY3 |
248. 2005-HYB6 |
393. Series 2006-S2 |
109. 2006-J1 |
249. 2005-HYB7 |
394. Series 2006-S3 |
110. 2006-J2 |
250. 2005-HYB8 |
395. Series 2006-S4 |
111. 2006-J3 |
251. 2005-J2 |
396. Series 2006-S5 |
112. 2006-J4 |
252. 2005-J3 |
397. Series 2006-S6 |
113. 2006-J5 |
253. 2005-J4 |
398. Series 2006-S7 |
114. 2006-J6 |
254. 2006-1 |
399. Series 2006-S8 |
115. 2006-J7 |
255. 2006-10 |
400. Series 2006-S9 |
116. 2006-J8 |
256. 2006-11 |
401. Series 2007-S1 |
117. 2006-OA1 |
257. 2006-12 |
402. Series 2007-S2 |
118. 2006-OA10 |
258. 2006-13 |
403. Series 2007-S3 |
119. 2006-OA11 |
259. 2006-14 |
CWHEQ Revolving Home Equity Loan Trust |
120. 2006-OA12 |
260. 2006-15 |
404. Series 2005-C |
121. 2006-OA14 |
261. 2006-16 |
405. Series 2005-D |
122. 2006-OA16 |
262. 2006-17 |
406. Series 2005-E |
123. 2006-OA17 |
263. 2006-18 |
407. Series 2005-F |
124. 2006-OA18 |
264. 2006-19 |
408. Series 2005-G |
125. 2006-OA19 |
265. 2006-20 |
409. Series 2005-H |
126. 2006-OA2 |
266. 2006-21 |
410. Series 2005-I |
127. 2006-OA21 |
267. 2006-3 |
411. Series 2005-J |
128. 2006-OA22 |
268. 2006-6 |
412. Series 2005-K |
129. 2006-OA3 |
269. 2006-8 |
413. Series 2005-L |
130. 2006-OA6 |
270. 2006-9 |
414. Series 2005-M |
131. 2006-OA7 |
271. 2006-HYB1 |
415. Series 2006-A |
132. 2006-OA8 |
272. 2006-HYB2 |
416. Series 2006-B |
133. 2006-OA9 |
273. 2006-HYB3 |
417. Series 2006-C |
134. 2006-OC1 |
274. 2006-HYB4 |
418. Series 2006-D |
135. 2006-OC10 |
275. 2006-HYB5 |
419. Series 2006-E |
136. 2006-OC11 |
276. 2006-J1 |
420. Series 2006-F |
137. 2006-OC2 |
277. 2006-J2 |
421. Series 2006-G |
138. 2006-OC3 |
278. 2006-J3 |
422. Series 2006-H |
139. 2006-OC4 |
279. 2006-J4 |
423. Series 2006-I |
140. 2006-OC5 |
280. 2006-OA4 |
424. Series 2007-A |
141. 2006-OC6 |
281. 2006-OA5 |
425. Series 2007-B |
142. 2006-OC7 |
282. 2006-TM1 |
426. Series 2007-C |
143. 2006-OC8 |
283. 2007-1 |
427. Series 2007-D |
144. 2006-OC9 |
284. 2007-10 |
428. Series 2007-E |
145. 2007-10CB |
285. 2007-11 |
429. Series 2007-G |
146. 2007-11T1 |
286. 2007-12 |
|
PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT OF CLASS ACTION LAWSUITS PENDING IN THIS COURT.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, that a hearing will be held before the Honorable Mariana R. Pfaelzer, United States District Judge, on October 28, 2013 at 1:30 p.m. in Courtroom 12 of the United States Courthouse, 312 North Spring Street, Los Angeles, California 90012, for the purpose of determining, among other things, (i) whether the proposed Settlement of the above-captioned securities class actions ("Actions") for $500 million in cash is fair, reasonable, and adequate and should be approved; (ii) whether the Court should grant final certification of the Class for settlement purposes only; (iii) whether the Actions should be dismissed with prejudice as against the Defendants as set forth in the Stipulation and Agreement of Settlement dated as of July 9, 2013; (iv) whether the proposed Plan of Allocation of the Net Settlement Fund is fair and reasonable and should be approved; and (v) whether the application of Plaintiffs' Counsel for an award of attorneys' fees and expenses incurred in connection with the Actions, with interest, is reasonable and should be approved. The Court may reschedule the hearing without further written notice to the Class.
If you purchased or otherwise acquired any of the individual securities issued in any of the 429 mortgage-backed securities Offerings at issue in the Actions during the period March 12, 2004 through August 7, 2013, your rights may be affected by these Actions and the Settlement thereof, and you may be entitled to share in the Settlement proceeds. If you have not received the detailed Notice of Pendency and Proposed Settlement of Class Actions, Fairness Hearing and Motion for an Award of Attorneys' Fees and Litigation Expenses (the "Notice") and Proof of Claim and Release form, you may obtain copies of these documents free of charge by contacting the claims administrator at Countrywide MBS Settlement, c/o The Garden City Group, Inc., P.O. Box 9993, Dublin, OH 43017-5993, (866) 336-8968; email: [email protected]. Copies of these documents can also be downloaded from the website for the Actions, www.countrywidembssettlement.com, or from Plaintiffs' Counsel's respective websites.
If you are a member of the Class and wish to be eligible to receive a payment under the proposed Settlement, you must submit a Proof of Claim postmarked no later than December 15, 2013 establishing that you are entitled to recovery. As further described in the Notice, you will be bound by any judgment entered in the Actions, regardless of whether you submit a Proof of Claim, unless you request to exclude yourself from the Class, in accordance with the procedures set forth in the Notice. Requests for exclusion from the Class must be postmarked no later than October 1, 2013.
Any objections to the proposed Settlement, proposed Plan of Allocation or Plaintiffs' Counsel's application for an award of attorneys' fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, such that they are received no later than October 7, 2013.
Inquiries, other than requests for the Notice and Proof of Claim, may be made to:
Cohen Milstein Sellers & Toll PLLC
Steven J. Toll, Esq.
1100 New York Avenue, N.W.
Suite 500, West Tower
Washington, DC 20005
www.cohenmilstein.com
Robbins Geller Rudman & Dowd LLP
Spencer A. Burkholz, Esq.
655 West Broadway
Suite 1900
San Diego, CA 92101
www.rgrdlaw.com
Kessler Topaz Meltzer & Check, LLP
Andrew L. Zivitz, Esq.
280 King of Prussia Road
Radnor, PA 19087
www.ktmc.com
Requests for the Notice and Proof of Claim should be made to:
Countrywide MBS Settlement
c/o The Garden City Group, Inc.
P.O. Box 9993
Dublin, OH 43017-5993
(866) 336-8968
www.countrywidembssettlement.com
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE ABOUT THIS NOTICE.
DATED: August 7, 2013
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE CENTRAL
DISTRICT OF CALIFORNIA
SOURCE Cohen Milstein Sellers & Toll PLLC, Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP
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