Legal Affairs

Why Healthy People In Their Prime Need Life Insurance Too

It's easy to assume that if you're young and healthy, you'll be alive next year. It's probably true, too. But there are many grieving relatives and friends out there who will remind you that the unexpected does happen, and it can leave all kinds of chaos in its wake.

When Banks Outsource Foreclosures, Nothing Good Happens

A Louisiana bankruptcy case involving a single foreclosure best illustrates the problems with the banks' outsourcing their mortgage default work to firms like LPS. The result of this money-saving maneuver by banks winds up costing everyone else dearly.

Why the Supreme Court Should Review Hawaii's Foreclosures

Among the state systems governing foreclosure, Hawaii has a particularly fraud-riddled, draconian process. Suzanne Bonds was unbelievably exploited by the state's foreclosure process in 2004, but Hawaii's courts refused to help. Now, her attorneys have asked the U.S. Supreme Court to intervene.

A Lawsuit That Dirty Debt Collectors Should Be Worried About

Federal Circuit Court Judge Denny Chin has ruled that a class action can go forward against a law firm, a process-serving company and a debt-buying company that sues them for being a criminal enterprise under the Racketeer Influenced Corrupt Organization (RICO) law.

The Fall of Florida's 'Foreclosure King' Will Create Huge Waves

No longer such a high-flyer, the David J. Stern law firm is now being investigated and sued in a class action. The impact on pending Florida foreclosures and what the firm's underlying conduct means for the future of the state's real estate market will be felt for years.

The Foreclosure Mess: Florida Judges Can Do Better

Many judges in several states are emerging as defenders of due process and the rule of law when confronted with the banks' rampant disregard for the law in pursuing foreclosures with false paperwork. Alas, that's not so true in Florida, where a foreclosure can be heard in seconds.

What's the New York State of Mind for Foreclosures Now?

Now that N.Y. Chief Judge Jonathan Lippman has considerably tightened the state's foreclosure rules, his effort to eliminate robo-signing has greatly raised the stakes for the banks' attorneys. But what will the practical impacts be?

Legal Briefing: More Cases Under the Foreign Corrupt Practices Act

Foreign subsidiaries of two American tobacco companies pled guilty to charges of bribing foreign countries. Units of Alliance One Int'l, a N.C.-based global tobacco leaf company, admitted bribing Thai and Kyrgyz officials and will pay $9.25 million in fines and disgorge $10 million in profits.

Why Is the Fed Siding With Banks Over Taxpayers?

In perhaps the most epic lawsuit of the bailout era, the free press, led by Bloomberg L.P., has sued the Federal Reserve over its commitment to keep the bank bailout details secret. If the Fed and its bank allies win, all the bailout details will remain shrouded in secrecy.