Banking Misconduct Blog


Suing Banks – Bad Faith Default Leads to Big Win Against GMAC

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This case is one from the archives but the principles and law behind the decision are still valid today. In 2009, a Philadelphia jury awarded Donald Mente and his new and used car dealership, Mente Chevrolet, $4 million after finding that GMAC had used thinly disguised pretexts to declare the...

Judge Says Automobile Dealer RICO Suit Is Untimely
RICO

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The Racketeer Influenced and Corrupt Organization Act (RICO) is one of the most powerful and misunderstood anti-fraud tools available to private litigants. Originally enacted as a tool for government prosecutors to combat organized crime and biker gangs, the law contains potent remedies for...