Law Suit Filed: JPMorgan Chase Accused of Fraud in Bankruptcy Filings

What are you looking for? Home Page >> Lawsuits Filed >> Lawsuit: JPMorgan Chase Accused of Fraud in Bankruptcy Filings JPMorgan Chase Accused of Fraud in Bankruptcy Filings Please click here for a free evaluation of your claim Newport Beach, CA: A consumer fraud class action filed against JPMorgan Chase alleges the bank routinely fabricated documents to deceive bankruptcy judges. The lawsuit, filed by Ernest Michael Bakenie, states "Through the use of fabricated assignments, endorsements and affidavits that purport to transfer deeds of trust, notes and the rights to all monies due under the terms of tens of thousands of non-negotiable promissory notes (the 'MLNs'); Chase has demonstrated a pattern and practice of playing 'hide-and-seek' with debtors, judges and http://cortrightlaw.com/location/orange attorney-attorney-office other bankruptcy players." Bakenie further claims that Chase's "pattern and practice of playing 'hide-and-seek' with debtors, judges and other bankruptcy players" resulted in the bank securing motions for relief of stay and proofs of claim in 95 percent of its cases. According to the lawsuit, an extensive network of attorneys working for Chase filed more than 7,000 motions for relief from automatic stay in bankruptcy cases in the Central District of California, "wherein they falsely claim to be the party entitled to monies due under the terms of MLNs." The lawsuit also claims that Chase rewards attorneys based on how quickly they can secure the stays, and uses fabricated documents to establish chain of title on loans. Essentially, the lawsuit claims, "Rather than incur the cost of 'proving up' its own standing or the standing of its principal Mortgage Backed Security Trust, Chase systemically misrepresents Chase or a designated MBST to be a creditor in tens of thousands of bankruptcy cases by utilizing manufactured documents. " The lawsuit also claims "That said practice allows Chase to dump defaulted loans that were never properly securitized by Washington Mutual (WAMU) and other originators acquired by Chase into private mortgage backed security trusts by creating the illusion of a valid transfer. Said practice shifts the liability of defaulted loans not properly securitized by WAMU, from Chase to private mortgage backed security trusts. The practice allows Chase to effectively mitigate the millions of dollars in liability of the WAMU acquisition, where WAMU failed to transfer MLNs of its portfolio before its demise. Said practice shifts losses from WAMU to MBST bond investors." Bakenie seeks class certification, compensatory, statutory and punitive damages for unfair and deceptive trade, disgorgement and "an order vacating all bankruptcy orders, claims and awards granted based on Chase's misrepresentation and deceptive business practices". Chase Bankruptcy Fraud Class Action Legal Help If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
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Orange County 'Carmageddon': Full 405 Freeway closure coming

Orange County's Bruno Mars ticket giveaway is a go

(Google Maps) By Ari Bloomekatz August 7, 2013, 9:46 a.m. It happened in Los Angeles -- twice -- and now Orange County can brace for its own 'Carmageddon' : the 405 Freeway will be closed in both directions for 20 hours. The closure is scheduled to begin at 9 p.m. on Saturday, Aug. 17, and last through 5 p.m. on Sunday, Aug. 18. The freeway will be shut down between the 605 Freeway and Valley View Street in Westminster, according to a news release from the Orange County Transportation Authority.
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Report released on Orange Co. home confinement

HE SAYS THERE'S PLENTY OF ROOM TO HOLD THEM IN JAIL. IF YOU WANT TO PUT A DUI GUY ON TO MAKE SURE HE IS NOT DRIVING, SO BE IT. BUT FOR HIGH LEVEL OFFENDERS IT IS A WASTE OF TAXPAYER MONEY BECAUSE THEY'LL COME OUT AND KILL YOU. DESPITE THE FAILINGS OF THE PROGRAM, MATRIX DID TELL THE COUNTY COMMISSION THEY SHOULD REINSTATE A VALUABLE SERVICE WHICH PROVIDES MONITORING TO CERTAIN SUSPECTS WHO IF THEY WERE JUST ALLOWED TO POST BOND AND THERE WASN'T ANY MONITORING THAT SERVICE WOULDN'T EVEN THERE. BUT THEY SAID IT NEEDS VERY The results of an outside investigation into Orange County's home confinement program will be released on Tuesday. Read: Matrix Consulting Group report The outside firm is recommending the county take what they call a "more exclusionary" approach to the offenders who can be part of the home confinement program. "We do need change," Mayor Teresa Jacobs said. "Judges need to know the limitations and we need to upgrade our technology." The Matrix Consulting Group singled out the public outrage over the release of accused home invader Bessman Okafor, who allegedly killed 19-year-old Alex Zaldivar, a witness set to testify against Okafor. The report spells out how home release programs started as a way to release those accused of minor offenses while they awaited trial.
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Did a meteor hit Orange County? Residents report huge explosion

Residents report huge explosion Comments 6 A meteor pierces the night sky in Joshua Tree during a Perseid meteor shower. Residents in Lake Forest's Foothill Ranch community say a loud explosion and a flash of light Tuesday morning were the result of a meteor falling. (Wally Pacholka / astropics.com) By Joseph Serna July 30, 2013, 12:13 p.m. Unlike trees, when a meteor falls in the wilderness, everyone can hear it. And some Orange County residents think that's exactly what they heard when a thunderous boom rattled windows, scared pets and startled homeowners from their sleep early Tuesday morning. About 12:15 a.m., the Orange County Sheriffs Department received three or four calls from residents in Lake Forests Foothill Ranch community about a loud explosion and a flash of light.
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Orange County's 'Textgate' Scandal Shows Need for Texting Policies

OK, do you at least wish you had a rich person's view of the Bruno Mars concert coming to Orlando on Aug. 27? Orange County is giving away four seats in its exclusive Amway Center box. It's not a lottery giveway for reasons you can read here. (The county had to change the way it gives away concert tickets because of a new law regulating so-called Internet Cafes.) So, to win the two sets of tickets, you have to submit to the county's Facebook page a photo of of someone you "Treasure" (that's another Bruno Mars hit) and then explain why he or she is so special. The posts that get the most Facebook "likes" will win the tickets.
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Dubbed textgate, the scandal raised ethics questions about county leaders and created a huge headache for county CIO Rafael Mena, who had the task of recovering texts related to the ballot measure. But the event had larger implications too: Mobile technology is creating new ways for our officials to run afoul of public records laws. Thats why the issue needs more attention from CIOs and public leaders. Read the rest of this month's magazine issue. Ultimately, the incident prompted Orange County to tighten up its treatment of texts. Mena recently flipped the switch on a new system that captures and stores text messages sent and received by county-owned devices. Messages are saved in a searchable repository and can be quickly retrieved to comply with records requests.
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Orange County Senior Care Franchise Moves South to Northern San Diego

This new franchise partnership with Fred and Janice Ehlers is the latest step in Amadas nationwide growth strategy. For Fred and Janice, who live locally and have two daughters, senior care provides a business opportunity that they feel will have a positive impact on their community. Fred brings an in-depth understanding of sales and marketing to the industry, given that he formerly served as the Vice President of Sales and Marketing for Mazda. Janices experience in teaching elementary school children has also proven quite valuable. "I know what its like to have individuals in my care," she said, "and how very important it is to communicate with those that have entrusted you with a loved one." When asked about their overall approach to senior care and about what differentiates them, Fred said that there were two major things. Most senior care companies only do in-home care. We specialize in that and in helping seniors find the best arrangement for their particular situation even if that includes placing them in an assisted living home or skilled nursing community. Were really senior care advocates, and will do whats best for each clients unique situation. Fred also said his business philosophy of customer service and of creating a supportive work environment sets them apart.
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Arts center executives to Orange County: Don't let off the gas now

The first project to be discussed was the Dr. Phillips Center for the Performing Arts , which wanted to get the county to give the final OK to $25 million in tourist development taxes promised by the county back in April. Arts center Chairman Jim Pugh said the center has raised $106 million in local donations since its inception and that it is still looking for $22 million to get the second phase of the project funded. In addition, arts center President Kathy Ramsberger gave an update on the projectas construction time line. According to the presentation, the arts center would like to begin pre-construction on Phase 2 a such as architecture and engineering a work within the next 60 days, start construction on the project in 2015 and have it completed by 2018. Getting started now is vital, as any delays will only raise the cost of the project, Ramsberger told the county. aEvery year we wait raises the cost by $7.8 million,a she told me. To back up her claim, Ramsberger said the April announcement has helped the center secure more donations, and an OK on the $25 million could be what finally opens up the floodgates of new donations. Orange County leaders backed the arts center on the grounds that it helped diversify the economy and was something they promised to help and are already too invested in to abandon. Orange Countyas Tourist Development Council is set to discuss the proposals on Aug.
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Settlement: Historic $10M Settlement Reached in Debt Collection Class Action

Home > Settlements > Historic $10M Settlement Reached in Debt Collection Class Action Historic $10M Settlement Reached in Debt Collection Class Action September 12 2011 Greenville, SC: Thousands of people have been forgiven their debts in a historical unfair business class action settlement reached Friday in Maryland. The class action lawsuit was brought by Jason Hauk and Freddy Velazquez who led the class action suit, against LVNV Funding LLC, a Greenville, SC-based company that buys consumer debt. According to the terms of the settlement some 3,500 people in the class will receive about $2000 each, for a total of $7 million. The total settlement forgives about $10 million in debt, according to filings in U.S. District Court in Baltimore. Further, LVNV will not pursue the 3,500 debtors in order to collect the debt, nor will they be able to sell those debts to other third party collection agencies. And LVNV have to remove information it gave to the major credit bureaus for each of those debtors, a step taken to improve their credit ratings. The settlement is being hailed as historic, and a major win for the class. Legal Help If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in the form to the right. Request Legal Help
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Law Suit Filed: Nevada Foreclosure Companies Face Illegal Debt Collection Class Action

What are you looking for? Home Page >> Lawsuits Filed >> Lawsuit: Nevada Foreclosure Companies Face Illegal Debt Collection Class Action Nevada Foreclosure Companies Face Illegal Debt Collection Class Action Please click here for a free evaluation of your claim Las Vegas, NV: A foreclosure class action lawsuit has been filed on behalf of 16 Nevadans against five companies hired by banks and lenders to handle the foreclosures on properties owned by the plaintiffs and one additional defendant who purchased property through the foreclosure process. The lawsuit claims illegal debt collection activities and deceptive trade practices by the defendants against the plaintiffs during the foreclosure process as the defendants were not licensed or registered in the State of Nevada to carry out the foreclosure process. The plaintiffs are Nevadans who not only lost their houses in one of the hardest hit real estate markets, but were also adversely affected by foreclosure companies that did not follow the law during the foreclosure process. The lawsuit names as defendants: Quality Loan Service Corporation; Appleton Properties, LLC; MTC Financial, Inc. dba Trustee Corps; Meridian Foreclosure Service dba MTDS, Inc. dba Meridian Trust Deed Service; National Default Servicing Corporation; and California Reconveyance Company. The lawsuit seeks to compensate the plaintiffs and compel the defendants to surrender all fees collected for many thousands of foreclosures during the time they were operating illegally. The case was filed as a class action lawsuit because there are thousands of potential plaintiffs who were victims of these foreclosure companies. The lawsuit alleges that the debt collection activities of the defendants are and/or were illegal and improper because each of the defendants did not hold a license to engage in debt collection activities in the State of Nevada and each also failed to register as a foreign debt collection agency with the Nevada Financial Institutions Division. The illegal and improper debt collection activities include the issuance of debt-related notices, demands, collection communications and/or foreclosure sales and processes. In addition, the plaintiffs also claim deceptive trade practices, consumer fraud, unjust enrichment, trespass, quiet title and in two instances, elder abuse. Plaintiffs are asking for compensatory and consequential damages in excess to $10,000, disgorgement of any amounts paid to defendants for their respective illegal and improper debt collection activities, attorney's fees and injunctive relief. Nevada Illegal Foreclosure Class Action Legal Help If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
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Law Suit Filed: JPMorgan Chase Accused of Fraud in Bankruptcy Filings

What are you looking for? Home Page >> Lawsuits Filed >> Lawsuit: JPMorgan Chase Accused of Fraud in Bankruptcy Filings JPMorgan Chase Accused of Fraud in Bankruptcy Filings Please click here for a free evaluation of your claim Newport Beach, CA: A consumer fraud class action filed against JPMorgan Chase alleges the bank routinely fabricated documents to deceive bankruptcy judges. The lawsuit, filed by Ernest Michael Bakenie, states "Through the use of fabricated assignments, endorsements and affidavits that purport to transfer deeds of trust, notes and the rights to all monies due under the terms of tens of thousands of non-negotiable promissory notes (the 'MLNs'); Chase has demonstrated a pattern and practice of playing 'hide-and-seek' with debtors, judges and other bankruptcy players." Bakenie further claims that Chase's "pattern and practice of playing 'hide-and-seek' with debtors, judges and other bankruptcy players" resulted in the bank securing motions for relief of stay and proofs of claim in 95 percent of its cases. According to the lawsuit, an extensive network of attorneys working for Chase filed more than 7,000 motions for relief from automatic stay in bankruptcy cases in the Central District of California, "wherein they falsely claim to be the party entitled to monies due under the terms of MLNs." The lawsuit also claims that Chase rewards attorneys based on how quickly they can secure the stays, and uses fabricated documents to establish chain of title on loans. Essentially, the lawsuit claims, "Rather http://cortrightlaw.com/location/orange attorney-attorney-office than incur the cost of 'proving up' its own standing or the standing of its principal Mortgage Backed Security Trust, Chase systemically misrepresents Chase or a designated MBST to be a creditor in tens of thousands of bankruptcy cases by utilizing manufactured documents. " The lawsuit also claims "That said practice allows Chase to dump defaulted loans that were never properly securitized by Washington Mutual (WAMU) and other originators acquired by Chase into private mortgage backed security trusts by creating the illusion of a valid transfer. Said practice shifts the liability of defaulted loans not properly securitized by WAMU, from Chase to private mortgage backed security trusts. The practice allows Chase to effectively mitigate the millions of dollars in liability of the WAMU acquisition, where WAMU failed to transfer MLNs of its portfolio before its demise. Said practice shifts losses from WAMU to MBST bond investors." Bakenie seeks class certification, compensatory, statutory and punitive damages for unfair and deceptive trade, disgorgement and "an order vacating all bankruptcy orders, claims and awards granted based on Chase's misrepresentation and deceptive business practices". Chase Bankruptcy Fraud Class Action Legal Help If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
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Settlement: Banner Supply Agrees to Pay $54.4 Million in Chinese Drywall Class Action

Home > Settlements > Banner Supply Agrees to Pay $54.4 Million in Chinese Drywall Class Action Banner Supply Agrees to Pay $54.4 Million in Chinese Drywall Class Action June http://cortrightlaw.com/location/orange attorney-attorney-office 15 2011 Miami, FL: A $54.4 Million settlement has been reached in a Chinese drywall lawsuit brought againt Banner Supply by homeowners in the Orlando area. The agreement covers 2,000 to 3,000 homes south of Orlando. Some 7 million sheets of tainted drywall were imported from China between 2000 and 2009, according to the Consumer Product Safety Commission, most of which was supplied folllowing the devastating Hurricanes Rita and Katrina. According to Builderonline "at least 95 companies have been implicated as distributors in lawsuits filed against Chinese manufacturers accused of being the source of tainted drywall. Banner Supply tops the list, while others on it include such ProSales 100 companies as L&W Supply, ProBuild, Stock Building Supply, and 84 Lumber. " While $54.5 million might seem a large settlement, it reportedly works out to between $18,000 and $24,000 for each of the 2,000 to 3,000 homes, however there are estimates which suggest the cost of repairing the affected homes could be as much as $100,000. Legal Help If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in the form to the right. Request Legal Help
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Law Suit Filed: Nevada Foreclosure Companies Face Illegal Debt Collection Class Action

What are you looking for? Home Page >> Lawsuits Filed >> Lawsuit: Nevada Foreclosure Companies Face Illegal Debt Collection Class Action Nevada Foreclosure Companies Face Illegal Debt Collection Class Action Please click here for a free evaluation of your claim Las Vegas, NV: A foreclosure class action lawsuit has been filed on behalf of 16 Nevadans against five companies hired by banks and lenders to handle the foreclosures on properties owned by the plaintiffs and one additional defendant who purchased property through the foreclosure process. The lawsuit claims illegal debt collection activities and deceptive trade practices by the defendants against the plaintiffs during the foreclosure process as the defendants were not licensed or registered in the State of Nevada to carry out the foreclosure process. The plaintiffs are Nevadans who not only lost their houses in one of the hardest hit real estate markets, but were also adversely affected by foreclosure companies that did not follow the law during the foreclosure process. The lawsuit names as defendants: Quality Loan Service Corporation; Appleton Properties, LLC; MTC Financial, Inc. dba Trustee Corps; Meridian Foreclosure Service dba MTDS, Inc. dba Meridian Trust Deed Service; National Default Servicing Corporation; and California Reconveyance Company. The lawsuit seeks to compensate the plaintiffs and compel the defendants to surrender all fees collected for many thousands of foreclosures during the time they were operating illegally. The case was filed as a class action lawsuit because there are thousands of potential plaintiffs who were victims of these foreclosure companies. The lawsuit alleges that the debt collection activities of the defendants are and/or were illegal and improper because each of the defendants did not hold a license to engage in debt collection activities in the State of Nevada and each also failed to register as a foreign debt collection agency with the Nevada Financial Institutions Division. The illegal and improper debt collection activities include the issuance of debt-related notices, demands, collection communications and/or foreclosure sales and processes. In addition, the plaintiffs also claim deceptive trade practices, consumer fraud, unjust enrichment, trespass, quiet title and in two instances, elder abuse. Plaintiffs are asking for compensatory http://www.socallawsupport.com/ and consequential damages in excess to $10,000, disgorgement of any amounts paid to defendants for their respective illegal and improper debt collection activities, attorney's fees and injunctive relief. Nevada Illegal Foreclosure Class Action Legal Help If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
For the original version including any supplementary images or video, visit http://www.lawyersandsettlements.com/lawsuit/nevada-foreclosure-companies-class-action-illegal.html?ref=rss