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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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GT Advanced lawyer says close to deal with Apple on secrecy

By Nick Brown

Tue Oct 21, 2014 11:31am EDT

Oct 21 (Reuters) – A lawyer for Apple supplier GT
Advanced Technologies Inc told a bankruptcy court on
Tuesday the specialty glass maker was near a settlement with
the iPhone maker over access to information.
Scant information has emerged since

Judge wants settlements, loan, fees in Detroit’s closing arguments

By Karen Pierog

DETROIT
Tue Oct 21, 2014 11:46am EDT

DETROIT Oct 21 (Reuters) – The federal judge overseeing
Detroit’s historic bankruptcy case wants the city to explain its
settlements with creditors and its exit financing in closing
arguments next week, he said on Tuesday.
U.S. Bankruptcy Court Judge

Report: Rents Up, Square Footage Down for Am Law 200 Firms

MP McQueen, The Am Law Daily

October 20, 2014

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The downsizing trend for office space continues but is

UPDATE 1-Judge drops hints as Detroit bankruptcy case nears finish line

Tue Oct 21, 2014 3:46pm EDT

(Adds details of exit financing, revenue projections,
background on case)
By Karen PierogDETROIT Oct 21 (Reuters) – The U.S. judge overseeing
Detroit’s historic bankruptcy dropped hints on Tuesday on what
he wants to hear in the city’s closing statements and what he
may

IBM Pays Globalfoundries $1.5B to Take Over Chip Business

MP McQueen, The Am Law Daily

October 21, 2014

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Cravath, Hogan Lovells and Weil advise as IBM agrees