June 15, 2015
Monday’s Adjudication Roundup
The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading
June 15, 2015 in Class Action Litigation | Permalink | No Comments
June 1, 2015
Monday’s Adjudication Roundup
NY Federal Court ended the suit against US Bank and Bank of America brought by Blackrock and NCUA for failure to properly oversee residential mortgage-backed security trusts finding that most of the trusts fell under state law. Deutsche Bank, Morgan … Continue reading
June 1, 2015 in Class Action Litigation | Permalink | No Comments
May 27, 2015
Seeking Justice Through Litigation
Judge Caproni (SDNY) issued an Opinion and Order in Adkins v. Morgan Stanley, No. 12-CV-7667 (May 14, 2015). It opens, This is one of many cases arising out of the collapse of the housing market. This one comes with a twist: … Continue reading
May 27, 2015 in Class Action Litigation | Permalink | No Comments
April 13, 2015
Monday’s Adjudication Roundup
Bankrupt Washington Mutual settles in class action suit for $10 million after duping plaintiffs into taking out mortgages with low “teaser rates.” Goldman Sachs asks NY Federal Judge not to certify class action suit over its Abacus collateralized debt obligation, … Continue reading
April 13, 2015 in Class Action Litigation | Permalink | No Comments
April 9, 2015
Foreclosures and the Fair Debt Collection Practices Act
Bloomberg BNA quoted me in Third Circuit Says Foreclosure Complaint May Serve as Basis for Claims Under FDCPA (behind a paywall). The article opens, A foreclosure complaint may form the basis of a Fair Debt Collection Practices Act (FDCPA) claim, the … Continue reading
April 9, 2015 in Class Action Litigation | Permalink | No Comments
March 16, 2015
Monday’s Adjudication Roundup
BofA has asked a PA federal judge to dismiss a class action RICO suit alleging kickbacks from overpriced mortgage insurance claiming it is the same suit that was dismissed as time-barred by Third Circuit in October. Deloitte is potentially facing … Continue reading
March 16, 2015 in Class Action Litigation | Permalink | No Comments
March 9, 2015
Monday’s Adjudication Roundup
Shareholders of Deutsche Bank petitioned for cert to the U.S. Supreme Court to clarify the standard for a claim for pleading a fraudulent claim under Section 11 of the Securities Act of 1933 following the Second Circuit tossing their suit … Continue reading
March 9, 2015 in Class Action Litigation | Permalink | No Comments
