Backing Banks Over Borrowers, California Judges Often Big Stakeholders in Same Banks.
Here’s a new lawsuit to watch. It was filed in New York’s state court, called the Supreme Court (trial court) division in New York. I would wager that the Defendants will try to remove it to federal district court soon. Of course, this isn’t the first lawsuit related to fall-out from the financial crisis […]
In a huge multi-plaintiff, multi-jurisdictional MERS case, the Ninth Circuit reversed the federal district court’s dismissal of the plaintiffs’ claims related to false documents recorded to effect foreclosure in Arizona: Writing in 2011, the MDL Court dismissed Count I on four grounds. None of these grounds provides an appropriate basis for dismissal. We recognize that […]