A proposed class action against LendingClub Corporation is credit negative for asset-backed securities (ABS) backed by consumer loans originated through online platforms using a partner bank origination model, Moody’s Investors Service says in a new report. The lawsuit confirms that the owners of such loans face legal challenges over whether the loans are exempt from …
Purchasers of the Covered Products who are dissatisfied with their purchase and submit a claim form may receive a monetary payment or an extended warranty. In order to stay in the Settlement Class and receive payment, you must submit a claim form online at www.XHoseClassSettlement.com, or by mail no later than August 29, 2016. The payment amount will be based on the number of …
A Somerset County investigator has challenged the probe into the September 2014 deaths of Camden hospital executive John Sheridan and his wife. Jeffrey Scozzafava, a detective with the Somerset County Prosecutor’s Office, contends crime-scene evidence from the couple’s home “was improperly collected, improperly preserved and subsequently destroyed.” The criticisms are …
A lawsuit filed by miners who say they were unlawfully laid off in Wyoming County has been certified as a class action. The Register-Herald reports Judge Irene Berger granted the certification Tuesday in Beckley federal court. The order says Michael Ray and at least 76 miners …
Lawyers representing some of the families of 96 soccer fans crushed to death in a U.K. soccer stadium in 1989 have filed a civil suit against two British police forces, alleging misuse of power in office. The lawsuit —filed by Saunders Law on behalf of several hundred family members and survivors — was revealed Thursday after an inquest this week determined that the fans — the …
R. Kelly has reportedly found himself at the center of a legal battle after being sued for $500k plus punitive damages, by Swervo Entertainment Group for failed concerts. As reported in an exclusive from The Jasmine Brand (TJB), the “Ignition” singer was paid a $500K advance from Swervo Entertainment Group, who were in negotiations with the singer to produce and promote a series of concerts …
A social media app is now the center of a lawsuit after a teen driver’s car crash left another driver with severe injuries. Christal McGee is accused of trying to capture her alleged 100 mile-per-hour speed for a Snapchat post while gunning her father’s Mercedes C230 in Atlanta last December. McGee, who was 18 at the time, crashed into another …
Emerson Scott, LLP announces the filing of a class action lawsuit in the United States District Court for the Central District of California on behalf of a California and a nationwide class of persons with Transamerica …
Last week, victims of Robert Allen Stanford’s Ponzi scheme filed another class action lawsuit against the law firm that, they allege, helped the former chairman and CEO conceal the fraudulent scheme from government regulators. The named plaintiffs, Sandra Dorrell and Phillip A. Wilkinson, both Texas residents, filed their complaint in the U.S. District Court for the …
Those dreams never materialized. InfoSpan is represented by the powerhouse law firm of Boies Schiller & Flexner — chaired by David Boies, among the country’s most well-known attorneys — while the bank hired Latham & Watkins, a large firm with offices worldwide, including in the Emirates. FOR THE RECORD The wealthy Persian Gulf region was of particular interest because of its reliance on 25 …