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Possible Lawsuit: REIT Fraud Lawsuit Legal News and Information

Home Page Potential Lawsuit REIT Fraud Claims Attorneys are investigating possible REIT fraud claims concerning real estate investment trusts (REITs). In some cases, broker-dealers or financial advisors may be recommending investments that are unsuitable or that come with high fees or their own commission structures to generate commissions for

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Possible Lawsuit: Foreclosure Deficiency Judgement Lawsuit

Home Page Potential Lawsuit Lawsuits against Deficiency Judgements after ForeclosureAnti-deficiency laws exist in some states to prevent lenders from going after borrowers for money owed after a home is foreclosed on. These anti-deficiency statutes, however, have not stopped all lenders from attempting to collect on money they feel they

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Law Suit Filed: Wells Fargo Faces Mortgage Lending Violations Class Action Lawsuit

April 14 2014Los Angeles, CA: Wells Fargo Bank NA is facing a potential consumer banking and lending violations class action lawsuit alleging it violated California consumer laws by billing late fees to, or foreclosing on, state homeowners who had loan modification applications pending with the bank. The lawsuit, Garcia

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Law Suit Filed: Marathon Oil Faces Class Action over Detroit Refinery Explosion

May 6 2013
Detroit, MI: An environmental class action lawsuit alleging property damage has been filed against the Marathon Oil following an explosion and fire at the refinery in Melvindale on April 27.Two law firms, Hertz Schram and Macuga, Liddle & Dubin, have filed the class action lawsuit which

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Law Suit Filed: ExxonMobil Faces Class Action Lawsuit over Arkansas Pegasus Pipeline Tar Sands Spill

April 9 2013
Houston, TX: ExxonMobil is facing an environmental class action lawsuit over damage caused by the March 29 Pegusus Pipeline rupture and oil spill in Arkansas. The massive leak spewed at least 19,000 barrels of heavy Canadian crude oil into the streets, gardens and homes in the

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Settlement: Citigroup to Pay $730M in Subprime Mortgage Securities Class Action

March 19 2013
New York, NY: Citigroup has agreed to pay $730 million to settle a securities class-action lawsuit filed by investors four years ago. The settlement is reportedly the second largest resulting from litigation over subprime mortgage-backed securities in 2006-2008.The class action, filed by the Arkansas Teacher Retirement

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Law Suit Filed: Festiva Timeshare Owners File Class Action Lawsuit

March 13 2013
Orlando, Fl: A deceptive practices class action lawsuit has been filed on behalf of timeshare owners at Festiva’s Orlando Resort, formerly known as Celebration World Resort, alleging that the resort’s developers and managers have engaged in unfair and deceptive practices in the sale of timeshare upgrades

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Settlement: Chevron to Pay $40M in Asbestos Class Action Lawsuit

February 18 2013
Denver, CO: A$40 million settlement has been reached in an environmental class action brought by northern Colorado landowners against Chevron Corp. The lawsuit alleged asbestos contamination to the land.The settlement, reached late in January, will see Chevron pay $32.5 million in cash to the landowners in

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Small Virginia Firm and Solo Shop Beckon Reed Smith Litigators

Brian Baxter, The Am Law Daily

November 20, 2014

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Two Reed Smith partners have left the firm for

Law and Football: Rankings Doublethink

Steven J. Harper is an adjunct professor at Northwestern University and author of “The Lawyer Bubble: A Profession in Crisis” (Basic Books, April 2013), and other books. He retired as a partner at Kirkland & Ellis in 2008 after 30 years in private practice. His blog about the legal

Key Ruling Brings Thelen Bankruptcy Closer to Conclusion

Julie Triedman, The Am Law Daily

November 21, 2014

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A bankruptcy judge in Manhattan brought Thelen LLP a

Volatility to shut sub bond market till 2015

Fri Nov 21, 2014 10:59am EST

* Deutsche Bank and Erste find lacklustre demand
* Investors baulk at volatile secondary marketBy Aimee Donnellan and Alice GledhillLONDON, Nov 21 (IFR) – Banks may have to wait until 2015 to
fortify their balance sheets with subordinated bonds as the
latest bout

Simpson Thacher Sets High Bar With Associate Bonuses

Nathalie Pierrepont, The Am Law Daily

November 21, 2014

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Cravath, Swaine & Moore has long kicked off associate