Litigation continues to pile up against New York Community Bancorp Inc. in the Eastern District of New York, with three derivative cases filed on Tuesday.
That brings the total number of new EDNY cases filed this month against NYCB, which has been the parent company of Flagstar Bank for more than a year, to six, with the company facing two securities fraud class actions, the three latest shareholder actions and a fourth filed on Feb. 15. All relate to how the company handled a postmerger spike in loan losses.
