Monday's Late Winners & Losers

Accredited Home Lenders(LEND Quote) sank 8.4% after-hours after more bad news for its $400 million buyout offer. Private-equity firm Lone Star, which abandoned the bid earlier this month, countersued the subprime mortgage lender, which last week went to court in an attempt to keep alive the deal. Lone Star "categorically" denied Accredited's claims that it was in breach of its agreement and said the company's only possible contractual remedy is a $12 million breakup fee. Accredited shares were falling 54 cents to $5.90.

Capital One(COF Quote) rebounded after initially sinking in late trading Monday, after the lender said it was shuttering its GreenPoint Mortgage unit. The move, which will result in some 1,900 layoffs, is the latest casualty in the reeling mortgage lending industry amid the widening credit crunch. Shares were up 53 cents to $67.25.

Shares of Oplink Communications(OPLK Quote) were also falling 9.8% after guiding below Wall Street expectations for its fiscal first quarter. The company expects to earn between 10 cents and 12 cents per diluted share. Analysts polled by Thomson Financial expect earnings of 26 cents a share. Shares fell $1.50 to $13.80.

Noble(NE Quote) dipped 1.8%, after Reuters reported it was evacuating workers on eight oil rigs off the Mexican coast in the wake of Hurricane Dean. Shares fell $1.75 to $94.07.

On the positive side, chipmaker LSI Logic(LSI Quote) climbed 3.6% after agreeing to sell its mobility products business to Infineon Technologies(IFX Quote) for $450 million. In the same announcement after the bell, the company also announced a $500 million stock repurchase plan. LSI shares gained 22 cents to $6.40.