CIT Bank, N.A.

O’Melveny achieved a significant victory for the bank when a California district court granted its motion to dismiss with prejudice and in its entirety a putative, nationwide class action challenging lender-placed insurance practices with respect to real property securing mortgage loans.  The case is one among several lender-placed insurance class actions O’Melveny has litigated on behalf of the bank.  Other large mortgage servicers have agreed to classwide settlements totaling, in some instances, hundreds of millions of dollars to resolve similar claims.