Pension Fund Trustees Sue Ocwen, Claim Breach Of Fiduciary Duty Under ERISA

(March 8, 2018, 9:55 AM EST) -- NEW YORK — Trustees of a pension fund sued a mortgage company, its subsidiaries and related entities on March 5 in a class action in a New York federal court, asserting misconduct in subprime mortgage securitization in violation of the Employee Retirement Income Security Act (Ronald E. Powell, et al. v. Ocwen Financial Corp., et al., No. 1:18-cv-01951, S.D. N.Y.)....