August 17, 2015
Monday’s Adjudication Roundup
Plaintiffs in class action suit against JPMorgan Chase & Co., who were fraudulently charged unnecessary home inspection fees, argue that the bank cannot avoid class certification because Chase admitted that “determining whether an inspection was reasonable requires an assessment of … Continue reading
August 17, 2015 in Downstream litigation | Permalink | No Comments
August 10, 2015
Monday’s Adjudication Roundup
NY federal court approves Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC settlement for $235 million in class action from pension fund for false prospectuses in mortgage-backed securities. Better Markets, a financial reform advocacy group, files … Continue reading
August 10, 2015 in Downstream litigation | Permalink | No Comments
August 3, 2015
Monday’s Adjudication Roundup
The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading
August 3, 2015 in Downstream litigation | Permalink | No Comments
July 30, 2015
Thursday’s Advocacy & Think-Tank Round-Up
Enterprise Community Partner’s and other affordable housing advocates have launched #CapsHurtCommunities, a campaign to raise spending caps imposed and restore critical funding. They are urging organizations and concerned citizens to reach out to Congress while the members on recess – asking them to … Continue reading
July 30, 2015 in Downstream litigation | Permalink | No Comments
July 23, 2015
This Is What Bad Faith Looks Like
A New York judge ruled in Federal National Mortgage Assoc. v. Singer, 2015 NY Slip Op. 51038(U) (July 15, 2015 Sup. Ct., New York County) (Moulton, J.) (unpublished opinion), that two lenders will forfeit more $100,000 in interest payments on two … Continue reading
July 23, 2015 in Downstream litigation | Permalink | No Comments
July 20, 2015
Monday’s Adjudication Roundup
Primary Capital Advisors LLC will face suit for selling bad loans to a Residential Capital LLC subsidiary, putting the parent company into bankruptcy, because the contract language was ambiguous. California federal court approved Diversified Lending Group’s $163 million settlement with … Continue reading
July 20, 2015 in Downstream litigation | Permalink | No Comments
July 13, 2015
Monday’s Adjudication Roundup
The New York Court of Appeals overturned a lower court’s dismissal of suit against New York City, the New York Mets’ ownership group and The Related Cos., which had plans to build the Mets’ stadium on public parkland. The Court … Continue reading
July 13, 2015 in Downstream litigation | Permalink | No Comments
