November 27, 2017
- A putative class of plaintiff’s filed a suit against CondoCerts.com. The class alleges the site overcharges customers for their document services. The state of Illinois mandates the use of these documents when homeowners sell their condos; however, the prices the site charges are allegedly illegal.
- The Lehman Brothers’ trial began for their alleged fraud involving mortgage-backed securities. RMBS trusts allege the Lehman Brothers are responsible for $11.4 billion in damages in their “sale of residential mortgage-backed securities.” The alleged acts occurred pre-financial crisis and included worthless mortgage-backed securities.