Category Archives: ProSeAction
http://www.reuters.com/article/us-hsbc-arrest-idUSKCN1001T1
http://www.prnewswire.com/news-releases/florida-attorney-joins-las-vegas-mans-legal-team-in-federal-lawsuit-against-bank-of-america-and-nationstar-mortgage-llc-300295319.html
http://www.washingtonsblog.com/2016/04/big-bank-admits-manipulating-gold-silver-prices.html
http://www.militarytimes.com/story/military/2016/06/24/jag-officer-alleges-scra-mortgage-loan-violations-lawsuit/86341320/
JAG officer alleges SCRA mortgage loan violations in lawsuit
Attorneys seek class action status, estimating thousands of other service members may be affected.
http://www.wsj.com/articles/merrill-lynch-to-pay-415-million-to-settle-sec-accounts-probe-1466693817
http://www.wsj.com/articles/merrill-lynch-to-pay-415-million-to-settle-sec-accounts-probe-1466693817
http://www.reuters.com/article/us-countrywide-lawsuit-mozilo-idUSKCN0Z326X
http://www.reuters.com/article/us-countrywide-lawsuit-mozilo-idUSKCN0Z326X
http://www.reuters.com/article/bankofamerica-appraisals-idUSL1N19524T
http://www.reuters.com/article/bankofamerica-appraisals-idUSL1N19524T
http://www.reuters.com/article/bankofamerica-privilege-idUSL1N19221G
http://www.reuters.com/article/bankofamerica-privilege-idUSL1N19221G
http://bigstory.ap.org/article/baaef66ce3aa470ca3e8e1899dd6bd3f/ny-court-uphold-limit-attorney-client-privilege
http://bigstory.ap.org/article/baaef66ce3aa470ca3e8e1899dd6bd3f/ny-court-uphold-limit-attorney-client-privilege
http://www.latimes.com/business/la-fi-first-mortgage-fraud-20160602-snap-story.html
A weird fraud case: Lender was accused of making good mortgages look bad
In countless cases against banks and other lenders over the last few years, investors and federal regulators have made basically the same argument: that lenders committed fraud by hiding the flaws of risky mortgage loans and passing them off to investors and the government as safe, solid ones.
Woman inherits thousands – but bank blocks her from accessing cash
http://www.fox2detroit.com/news/local-news/151623037-story
Big bank plans $420 million lawsuit over soured Countrywide loans
Big bank plans $420 million lawsuit over soured Countrywide loansHSBC plans to file a $420 million lawsuit against Bank of America and Merrill Lynch over soured Countrywide mortgage loans. HSBC notified the state of New York of its intention to file the lawsuit this week, claiming that Merrill Lynch and Bank of America allowed Countrywide loans to be securitized despite knowing they were toxic, according to a HousingWire report.
RBC, 15 other global banks face revived lawsuits over LIBOR-rigging allegations
Lawsuits revived against Royal Bank of Canada and 15 other banks in LIBOR-rigging caseA federal Appeals Court in New York City has reinstated lawsuits against 16 of the world’s largest banks, including the Royal Bank of Canada, alleging they colluded to manipulate a benchmark interest rate. The 2nd U.S. Circuit Court of Appeals in Manhattan on Monday restored the lawsuits, which had previously been dismissed by a lower-court judge.
via Cbc
Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court
Lawsuit accusing 16 big banks of Libor manipulation reinstated by US courtA US appeals court on Monday reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned.
via the Guardian
SSA lawsuit may be first of many
SSA lawsuit may be first of manyLONDON, May 19 (IFR) – At least four more law firms may be lining up to sue a group of five banks for alleged collusion in bond trading, following a lawsuit brought by a US pension fund this week.
via Reuters
Bank of America misled trading partners
Lawsuit: Bank of America misled trading partnersA female Bank of America ( BAC) executive has filed a federal lawsuit accusing the nation’s largest bank of misleading trading partners, discriminating against her based on gender and condoning a “bro’s club” workplace with “all-male sycophants.”
via USA TODAY
5 major banks rigged $9trn bond market
5 major banks rigged $9trn bond market – lawsuitTraders at major financial institutions including Bank of America and Deutsche Bank AG colluded to rig the prices of bonds from government-linked organizations that were bought and sold on a $9 trillion market, a new lawsuit claims. Five big banks – Bank of America, Credit Agricole SA, Credit Suisse Group AG, Deutsche Bank AG, and Nomura Holdings – were named as defendants in the proposed class-action lawsuit, filed Wednesday by the Boston Retirement System pension fund for city workers.
via RT International
Seven Major Banks Pay Chump Change to Settle Lawsuit Over Lucrative Scheme
Seven Major Banks Pay Chump Change to Settle Lawsuit Over Lucrative Scheme | VICE NewsSeven of the world’s biggest banks have agreed to pay $324 million to settle a private US lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, which requires court approval, resolves antitrust claims against Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan Chase, and Royal Bank of Scotland.
via VICE News
New gov’t rule would give Americans more power to sue banks
New gov’t rule would give Americans more power to sue banksA proposed rule by a federal consumer watchdog would grant Americans more power to sue banks and credit card companies over potentially wrong business practices, and decrease the chances that their lawsuits would be blocked.
via RT International