November 14, 2016
Monday’s Adjudication Roundup
- A Texas federal judge on Wednesday issued tailored sanctions against American Realty Investors Inc. in a $63 million real estate suit over a deposition for which the company’s vice president was not adequately prepared and company counsel allegedly objected hundreds of times
- Fannie Mae and a bankrupt homeowner sparred over standing in a suit alleging the mortgage lender illegally got its hands on personal credit reports, as both sides made their case in Virginia federal court on Thursday as to whether the mortgage lender caused harm
- Royal Park Investments’ $6.7 billion proposed class action alleging U.S. Bank failed to warn investors about soured residential mortgage-backed securities may be dismissed eventually, but it isn’t over yet, a New York federal judge ruled Wednesday in a fight over missing evidence.
- PHH has agreed to pay $28 million to end claims brought by New York financial services regulators accusing the mortgage services provider of running afoul of state and federal laws protecting homeowners, New York Gov. Andrew Cuomo’s office announced Wednesday.