Mortgage Industry May Be Reshaped By Courts
6/23/2011 Last week, a New York appellate court ruled that a Reston-based company, which tracks and transfers electronically millions of mortgages, did not have the right to foreclose on a property or assign the mortgage it does not actually own. The decision came only days after a California appeals court took a different view […]
E-Verify Bill to have Major Impact On Agriculture, Immigrants & Latino Votes in 2012
6/23/2011 The introduction of the E-Verify bill could have a lasting impact on everyone from migrant workers to the president of the United States of America. The Legal Workforce Act, which was introduced Tuesday by Rep. Lamar Smith, a Republican from Texas, revived the debate on the lasting impacts that such measure could have […]
Lawsuit Accord to be Challenged by States
6/22/2011 Attorneys general in thirty-eight states are planning to legally challenge a proposed class-action settlement which they said could potentially make it harder for state law-enforcement personnel to regulate debt collectors. The proposed settlement involves an agreement entered into by Encore Capital Group Inc in February to pay around $5.7 million to settle all […]
The Probe on the Mortgage Industry Initiated by the New York AG is Expanding
6/22/2011 The probe on the mortgage industry has reportedly been expanded by New York Attorney General Eric Schneiderman, who is not requesting some documents from a couple of financial institutions that acted as trustees for mortgage bond trusts. Bloomberg News revealed Monday that the New York Attorney General has asked for documents from Deutsche […]
Medical Marijuana Regulators Teams Up With Law Enforcement to Bust Illegal Marijuana
6/21/2011 Medical marijuana regulators in Colorado have teamed up with local law enforcement agencies to help them in shutting down illegal commercial pot cultivations, as well as prosecute those operating them. By far, the state of Colorado is the only one in America with medical marijuana regulations that permit companies to profit from its […]
Growing Legal Industry Targeted by Nucraft
6/21/2011 The West Michigan furniture company, Nucraft, warmly welcomed the rebounding of the legal industry. According to Matt Schad, Nucraft’s director of marketing and business development, who was also a practicing attorney before he joined the family business, “The legal department took a hit like everyone else (during the recession) but with all the […]
Lawsuit Filed Against Florida Real Estate Appraisers for Allegedly Inflating Appraisal Values
6/20/ 2011 Dozens of real estate appraisers in Florida are being accused of allegedly inflating appraisal values in the lawsuits filed by the Federal Deposit Insurance Corp against two of the country’s biggest appraisal management companies. Out of the 89 Florida appraisers mentioned in the California-based lawsuits, 35 have already appeared for disciplinary actions […]
Fatal Bus Crash in Virginia Puts Driver Fatigue in the Limelight
6/20/2011 Coffee, energy drinks or talking to his mobile phone were not enough to keep bus driver Kin Yiu Cheung awake after a long night. According to court documents, approximately an hour before the break of dawn, or almost 7 hours into his shift, Cheung dozed off while the bus he is driving, along […]
Shell Sued by Environmental Groups over Offshore Plan
6/19/2011 Lawsuits challenging the federal government’s approval of an offshore exploration plan of Shell Oil Co. present a major test of the power of regulators to rapidly evaluate deep-water drilling projects. In two separate but intertwining filings, conservationists argue that the government is bound by federal law to finish a post-spill environmental study of […]
Microsoft Loses Battle Against i4i in the Supreme Court
6/19/2011 In a judgment that will not be well-received by heavyweights in the tech industry, the U.S. Supreme Court ruled against the software giant in the closely watched Microsoft vs. i4i case, rejecting Microsoft’s argument to lower the evidentiary requirement to nullify a patent. The decision solidified the existing precedent and left the 28-year-old […]