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Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Mortgage Company VP Says| He Was Fired For Not Juggling The Books

PHILADELPHIA (CN) - A vice president of NVR Inc., a home construction and mortgage company, claims the company's top dogs fired him for refusing to falsify financial reports, so the defendants, including CEO Paul Saville, could reap big bonuses, tied to NVR share price.

Plaintiff Gregory Lingo says he was a vice president in charge of market management when the defendants, including vice presidents Robert Paul, Andrew Farkas and Joseph Madigan and finance manager Curtis McKay fired him for refusing to violate Sarbanes-Oxley and other securities laws.

Lingo says NVR was in financial trouble, and the defendants knew it, when they ordered him in 2006 to manipulate earnings reports to try to prop up NVR share price, for their own unjust enrichment.

Lingo demands punitive damages for defamation, wrongful firing and whistleblower violations. He is represented in Federal Court by Scott Freeman. See complaint.

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