Banking Misconduct Blog

Banks have deep pockets and a tremendous amount of leverage. If you want to modify the terms of a loan, banks require borrowers to execute a loan modification agreement. Those agreements almost always contain language that says the borrowers waive all defenses they have against the bank. Is that...

Wells Fargo is still reeling after a Houston jury slapped the company with a $5.4 million judgment. The jury ruled against the bank and its mortgage servicer in residential foreclosure case involving a Texas couple. The bank had originally sued for foreclosure but the couple shot back with their...

One of the most powerful civil fraud statutes on the books is RICO – the Racketeer and Corrupt Organizations Act. Passed in 1970, the law was designed to pursue the Mafia. These days, the law can be used to prosecute many different types of wrongdoers, although most lawyers don’t...

Wisconsin Governor Scott Walker signed legislation last week that gave a big boost to banks hoping to skate on lender liability lawsuits brought by borrowers. Act 120 was signed into law on December 16th. The bill protects banks, savings banks, credit unions and certain other lenders from claims by...

Like many Americans, I have been a victim of identity theft. Actually, I am one of those very unlucky folks who have been victimized multiple times. As a former law enforcement officer, I was able to do my own investigation and determine who stole my identity. Those fraudsters were never...

The Delaware Supreme Court upheld an award of $78 million against RBC Capital Markets LLC. RBC is a Canadian investment bank. With interest, the award may now exceed $100 million.
Warner Pincus is a corporate raider. They buy up other companies. In 2011 the company acquired Rural/Metro, one...

In 2010, an Arizona company called EJM Kyrene Property agreed to sell property to sell 15 industrial properties located throughout the United States for $136 million. The buyer was KTR Property Trust. One of those properties was located in Tempe, Arizona.
There was some dispute over the Tempe...

Post Updated March 2018. Currently we are litigating a bad faith, wrongful default claim against eight major banks; household names such as Wells Fargo, PNC and Huntington Bank. We believe these banks that wrongfully declared a default and thereafter squeezed a successful trucking business for tens...

Earlier this week, I was called by a seminar promoter about an upcoming conference on whistleblowing and the False Claims Act. The promoter said I wasn’t invited to speak because the event was mostly defense oriented. Incredibly, the caller still wanted me to shell out $2095 to hear a bunch...

We are litigating tens of millions of dollars of claims against CMBS special servicers. Companies like C-III, CWCapital and LNR Partners. Special servicers make their money when property owners are in trouble. Their industry is largely unregulated. And because of that lack of regulation, some...