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Arizona, Nevada sue BofA over loan modifications
Headline News |
2010/12/19 19:29
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| pAttorneys general in Arizona and Nevada filed civil lawsuits Friday against Bank of America Corp., alleging that the lender is misleading and deceiving homeowners who have tried to modify mortgages in two of the nation's most foreclosure-damaged states./ppBank of America violated Arizona's consumer fraud law by misleading consumers who tried to reduce their monthly payments to keep their homes, state Attorney General Terry Goddard said. The bank also violated the terms of a 2009 consent agreement requiring its Countrywide mortgage subsidiary to implement a loan modification program, the Arizona lawsuit alleges./ppHundreds of homeowners kept making their mortgage payments because Bank of America repeatedly assured them that their loans were being modified, Goddard said. Instead, many lost their homes anyway./ppThose people could have used that money for something else, Goddard told The Associated Press. They were deceived into continuing to make mortgage payments when they had no hope of saving their homes./ppNevada Attorney General Catherine Cortez Masto told the AP that the Silver State's lawsuit was a last resort to try to get the bank to change its ways. It was filed after several discussions with bank managers led to assurances but little more./p |
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Randy Quaid's wife misses Calif. court hearing
Law Center |
2010/12/19 11:29
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| pIt's another missed court date, another arrest warrant for Randy Quaid's wife, Evi./ppThe 47-year-old failed to appear for a probation hearing Thursday in Santa Barbara and faces a new $100,000 arrest warrant, Deputy District Attorney Anthony Davis said./ppAt the hearing, Evi Quaid's attorney, Robert Sanger, withdrew from the case. He declined comment Friday in an e-mail./ppRandy and Evi Quaid are wanted in the coastal city for a felony vandalism case in which they're accused of causing more than $5,000 damage to the guest house of a home they once owned. Neither has shown up for any court hearings since a criminal case was filed in October and have already forfeited $1 million in bail./ppThey remain in Canada, where they are seeking asylum from a group they have dubbed the Hollywood star-whackers./ppRandy Quaid faces immigration hearings there to determine whether he should be allowed to remain in Canada and whether he should be granted refugee status. His next hearing is scheduled for Dec. 22./p |
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Lawsuit seeks to keep 3 Iowa justices on bench
Law Firm News |
2010/12/15 23:20
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| pThe retention vote in which three Iowa Supreme Court justices were ousted was illegal, according to a lawsuit seeking to keep the three justices from being tossed from the bench. /ppThe lawsuit claims the vote violated the Iowa Constitution, which requires judicial retention votes to be held on a separate ballot. /ppChief Justice Marsha Ternus and justices Michael Streit and David Baker were voted off following a campaign by groups opposed to the court's unanimous decision to legalize same-sex marriage in Iowa. /ppThe Des Moines Register reported that the lawsuit, filed by attorneys Thomas W. George, John P. Roehrick and Carlton Salmons, asks for a temporary judicial order that would prohibit the judges from leaving the court when their terms expire at the end of December. /p |
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Menzer Hill, P.A., Files an Arbitration Claim Against UBS Financial Services, Inc.
Legal Focuses |
2010/12/15 23:20
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pThe Securities Law Firm of Menzer amp; Hill, P.A., a href=http://www.suemyadvisor.comwww.suemyadvisor.com/a, announced today it filed an arbitration claim against UBS Financial Services, Inc. (“UBS”), (NYSE: UBS) on behalf of an investor who lost the vast majority of his retirement savings as a result of the purchase of Lehman Brothers principal protected notes (“Notes”).nbsp; The claim alleges UBS was negligent and engaged in gross misconduct by misrepresenting and omitting material facts regarding the Notes. /ppUBS marketed the Notes as safe, secure, investments without informing the purchasers of the true risks associated with the Notes, including the fact that the Notes were tied to the credit worthiness of the guarantor, Lehman Brothers. nbsp; Furthermore, based on the examiner’s report of the Lehman Brothers bankruptcy, UBS engaged in short term lending transactions with Lehman Brothers known as Repo 105 transactions on a fully collaterized basis, while its trading force continued to solicit purchases of the Notes which contained 100% risk.nbsp; When Lehman Brothers filed for bankruptcy, the values of the Notes became essentially worthless.nbsp; /ppIf you have purchased Lehman Brothers Notes or have sustained any other investment losses, the attorneys at the Securities Law Firm of Menzer amp; Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses as a result of broker misconduct.nbsp; /ppFor a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://www.suemyadvisor.comwww.suemyadvisor.com/a
/p |
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Federal court in Ohio says upholds e-mails privacy
Headline News |
2010/12/15 23:19
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| pAn attorney sees a court's opinion upholding e-mail privacy as potentially groundbreaking and possibly helpful to his client, the founder of a company that sold male enhancement pills./ppLawyer Martin Weinberg said Wednesday that e-mail evidence should have been excluded from the government's case against Steven Warshak, who was convicted of fraud and other crimes related to his Ohio company. It sold products including Enzyte pills, known for their Smiling Bob commercials./ppThe 6th U.S. Circuit Court of Appeals in Cincinnati threw out Warshak's 25-year sentence Tuesday. The court also said Warshak's rights were violated when investigators obtained his e-mails without warrants, but it upheld his convictions./p |
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Transit expert lawyers to help NJ fight tunnel tab
Law Firm News |
2010/12/03 09:53
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pGov. Chris Christie approved a law firm with expertise in federal transit issues to help challenge a $271 million tab the federal government says the state owes for a canceled rail tunnel./ppChristie's office said the governor had signed off Thursday on the selection of the Washington, D.C., firm of Patton Boggs. Rodney Slater, who served as U.S. transportation secretary under President Bill Clinton, and former Republican U.S. Sen. Trent Lott are among the partners./ppWe're delighted to have been engaged by the state, said Stuart Pape, the firm's managing partner. The firm, which has an office in Newark, is assessing its strategy, Pape said./ppChristie killed the $8.7 billion tunnel from New Jersey to New York City on Oct. 27, citing potential cost overruns that he said could add $2 billion to $5 billion or more to the price./ppThe federal government and Port Authority of New York and New Jersey each contributed $3 billion to the project, while New Jersey's share was $2.7 billion. The state and Port Authority were responsible for overruns./ppChristie is fighting a bill for the return of federal money already spent on engineering and construction of the tunnel. The Nov. 24 bill from the Federal Transit Authority seeks payment within 30 days./ppIt's not surprising that the same federal transit agency that had no clear way to pay for cost overruns of a project already hurt by poor planning and inequitable cost sharing is relying on bureaucratic power plays to wring even more money out of New Jerseyans, Christie said in a statement Thursday./pp
/p |
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