FIS sued for $50 million for alleged fraud, conspiracy

Jacksonville-based Fidelity National Information Systems Inc. (NYSE: FIS) has been accused of defrauding a client and a California regulator as well as orchestrating a conspiracy to conceal its behavior.

West Palm Beach-based Ocwen Loan Servicing LLC, a large national mortgage company, filed the suit against FIS and its subsidiary, Fidelity Information Services, in a Sacramento, California court Tuesday after FIS charged it more than $60 million for about a year of audit services.

Ocwen originally…

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