May 18, 2015
Monday’s Adjudication Roundup
The Financial Industry Regulatory Authority (FINRA) has ordered Goldman Sachs to pay National Australia Bank $100 million over $80 million in collateralized debt obligations. US Bank escapes liability under the False Claims Acts for filing FHA insurance claims without complying … Continue reading
May 18, 2015 in Downstream litigation by state | Permalink | No Comments
May 14, 2015
Thursday’s Advocacy & Think Tank Round-Up
City lab’s analyzes why Billionaires Don’t Pay Taxes in New York, concludes that recent housing boom has been in the “ultralux” market and that the owners pay a fraction of their share due to a tax code that shifts the … Continue reading
May 14, 2015 in Downstream litigation by state | Permalink | No Comments
March 30, 2015
Monday’s Adjudication Roundup
New Jersey Condominium Association files a complaint alleging that the U.S. Federal Emergency Management Agency (FEMA) breached its contracts by failing to pay flood insurance benefits for damage from Hurricane Sandy. The US Supreme Court justices are reviewing an Eleventh … Continue reading
March 30, 2015 in Downstream litigation by state | Permalink | No Comments
March 4, 2015
Wells Fargo Smackdown
Circuit Judge Elliott of Missouri Circuit Court issued a Judgment in Holm v. Wells Fargo et al. (No. 08CN-CV00944 Jan. 26, 2015) that awarded nearly three million dollars in punitive damages. This is just one of a number of searing … Continue reading
March 4, 2015 in Downstream litigation by state | Permalink | No Comments
February 26, 2015
Tenants in Foreclosure
Judge Demarest issued a Decision and Order in 650 Brooklyn LLC v. Hunte et al. (No. 504623/2013 Feb. 5, 2015). The defendants moved for dismissal because the foreclosing plaintiff failed to comply with a relatively new NY statute that requires … Continue reading
February 26, 2015 in Downstream litigation by state | Permalink | No Comments
February 23, 2015
Mortgage Assignment Mayhem
Judge Drain issued a biting Memorandum of Decision on Debtor’s Objection to Claim of Wells Fargo Bank, NA in the case In re Carrsow-Franklin (No. 10-20010, Jan. 29, 2015). The Court granted the debtor’s claim objection “on the basis that … Continue reading
February 23, 2015 in Downstream litigation by state | Permalink | No Comments
January 21, 2015
Supreme Take on Truth in Lending
The United States Supreme Court issued its ruling in Jesinoski v. Countrywide Home Loans, Inc., No. 13-684 (Jan. 13, 2015). Jesinoski resolved a circuit split regarding notice requirements under the Truth in Lending Act (TILA) that apply when a homeowner … Continue reading
January 21, 2015 in Downstream litigation by state | Permalink | No Comments
