Facts

United States of America, ex rel Brian Hastings, sued Wells Fargo Bank National Association Inc., individually as successor by merger with Wells Fargo Home Mortgage Inc., Countrywide Home Loans Inc., Countrywide Home Loans Servicing LP now known as BAC Home Loans Servicing LP., and other defendants, in connection with the issuance of federal mortgage insurance policies.

PLAINTIFF'S CONTENTIONS:
Plaintiffs alleged that plaintiff-relator Hastings was a real estate agent who discovered defendants' allegedly wrongful acts. As such, he brought this lawsuit, on behalf of the U.S. government, against defendant-lending institutions for violations of the False Claims Act. Plaintiff alleged that defendants violated the FCA in connection with the issuance of federal mortgage insurance policies pursuant to the National Housing Act. Plaintiff asserted at least 16 causes of action for various violations of the FCA.

DEFENDANTS' CONTENTIONS:
Defendants moved to dismiss the complaint for lack of subject matter jurisdiction, and failure to state a claim for relief.

Damages

Plaintiff sought approximately $7.48 billion in damages, plus civil penalties.

Result

Ultimately, the district court granted defendants' motion to dismiss, and the case was dismissed for lack of subject matter jurisdiction.