Clik here to view.
9th Circuit: Immigrant's Stafford Loan Application Properly Rejected
PASADENA, Calif. - The Ninth Circuit U.S. Court of Appeals on March 14 upheld a district court's denial of an immigrant's mandamuspetition in which he sought to compel the U.S. Department of Education...
View ArticleClik here to view.
Government Immune To Student Loan Claims, Federal Judge Finds
MINNEAPOLIS - A federal judge in Minnesota on Feb. 25 dismissed a suit alleging that the U.S. Department of Education (DOE) violated the Fair Credit Reporting Act (FCRA) by disseminating false...
View ArticleClik here to view.
Federal Judge Awards Judgment To Government In Student-Loan Suit
SAN FRANCISCO - A federal judge in California on March 19 granted the U.S. government's motion for summary judgment in a student-loan collection case, finding that the debtor did not present evidence...
View ArticleClik here to view.
6th Circuit Affirms Dismissal Of Ponzi Victims' Suit Against Banks
CINCINNATI - The Sixth Circuit U.S. Court of Appeals on March 13 affirmed the dismissal of a suit a large group of Ponzi scheme victims filed against several banks, finding that the victims' second...
View ArticleClik here to view.
Federal Judge Denies Judgment To Receiver In Ponzi Recovery Action
LOS ANGELES - A federal judge in California on Feb. 26 denied a motion for summary judgment filed by the receiver in a Ponzi scheme suit who is seeking to recover funds from an investor who profited...
View ArticleClik here to view.
Federal Judge Denies Ponzi Investors' Setoff Request
TAMPA, Fla. - A federal judge in Florida on March 7 denied the request by defrauded investors in a Ponzi scheme for a setoff of funds, agreeing instead with the receiver for hedge funds used to...
View ArticleClik here to view.
5th Circuit Panel Affirms District Court Rulings In Mortgage Lending Suit
NEW ORLEANS - A federal district court did not err in ruling in favor of a number of defendants in a lawsuit filed by a mortgagee because, among other things, the plaintiff failed to bring her claims...
View ArticleClik here to view.
Judge: Investor Statutory Met Requirements For Class Certification In AIG Suit
WASHINGTON, D.C. - Ruling that a shareholder has properly met the statutory requirements for class certification, a federal judge in Washington, D.C., on March 8 granted the shareholder's motion for...
View ArticleClik here to view.
Federal Judge Denies Shareholders' Attempt To Stop Archstone Sale
DENVER - A federal judge in Colorado on March 1 denied the request of real estate investment trust Archstone Enterprise LP shareholders to block the sale of Archstone, an entity in which the bankrupt...
View ArticleClik here to view.
Judge Denies Motions In Debt Collection Lawsuit Over Consumer Loan Default
MINNEAPOLIS - Although a consumer's claims will not likely survive a motion for summary judgment, a federal judge in Minnesota on March 20 denied a debt collector's motion to dismiss and a credit...
View ArticleClik here to view.
Dismissal Denied Under Calder Effects Test In Fair Credit Reporting Act Suit
PORTLAND, Ore. - Dismissal of a consumer's complaint in a Fair Credit Reporting Act (FCRA) lawsuit is not proper under the Calder v. Jones effects test because a company acted intentionally when it...
View ArticleClik here to view.
Shareholders' Action Alleging Conspiracy Against Private Equity Firms Continues
BOSTON - Shareholders who allege that several private equity firms fixed the prices paid for companies undergoing leveraged buyouts (LBOs) alleged sufficient evidence to create a genuine issue as to...
View ArticleClik here to view.
Proskauer, Chadbourne Get Stay In Stanford Ponzi Scheme Lawsuit
DALLAS - A federal judge in Texas on March 8 granted a joint stipulation to stay proceedings filed by the court-appointed receiver of convicted Ponzi schemer R. Allen Stanford's businesses and the...
View ArticleClik here to view.
Judge: Consumers' State Law Claims Against Credit Union Are Time-Barred
KANSAS CITY, Mo. - A credit union is entitled to summary judgment as to consumers' Missouri Merchandising Practices Act claims in conjunction with the sale and subsequent repossession of automobiles...
View ArticleClik here to view.
Senate Report: JPMorgan Concealed Losses To 'London Whale' Derivatives
WASHINGTON, D.C. - A U.S. Senate subcommittee on March 14 released an investigative report showing that financial giant JPMorgan Chase & Co. concealed material information regarding billions of...
View ArticleClik here to view.
Freddie Mac Sues LIBOR Panel Banks And Others Over Losses
ALEXANDRIA, Va. - Member banks of the London Interbank Offered Rate (LIBOR) panel and certain of their subsidiaries violated federal antitrust laws by manipulating and suppressing the LIBOR, which...
View ArticleClik here to view.
High Court: Debt Collection Act Does Not Prohibit Award Of Costs Under Rule
WASHINGTON, D.C. - Section 1692k(a)(3) of the Fair Debt Collection Practices Act (FDCPA) "is not contrary to, and, thus, does not displace a district court's discretion to award costs under" Federal...
View ArticleClik here to view.
Panel: Attorney Liable For Attorney Fees, Costs In Debt Collection Lawsuit
DENVER - A federal district court did not abuse its discretion in granting a debt collector attorney fees and costs because a consumer's attorney should have realized prior to bringing the claim to...
View ArticleClik here to view.
Judge: Arbitration Agreement Not Subject To Statute Of Limitations
MOBILE, Ala. - In an opinion made available on March 15, a federal judge in Alabama ruled that an arbitration agreement for the purchase of a mobile home is not subject to Alabama's six-year statute of...
View ArticleClik here to view.
Judge Awards $1,390 In Attorney Fees, Costs In Debt Collection Lawsuit
DETROIT - A federal judge in Michigan on March 17 partially granted a consumer's request for attorney fees and costs in a Fair Debt Collection Practices Act (FDCPA) lawsuit, ruling that the consumer is...
View Article