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Month: March 2020

Servicers Not Subject to Professional Malpractice Claim
ABS Update

Servicers Not Subject to Professional Malpractice Claim

I recently came across a case involving (among other things) a professional malpractice claim against an auto loan servicer. The court held that loan servicers are not in the category Continue reading Servicers Not Subject to Professional Malpractice Claim

Champerty Defense Defeats Trustee Action Claims
ABS Update / Champerty

Champerty Defense Defeats Trustee Action Claims

The SDNY recently dismissed a lawsuit by Phoenix Light against U.S. Bank on champerty grounds. That is, the court found that the assignment of claims to Phoenix Light was illegal Continue reading Champerty Defense Defeats Trustee Action Claims

Recent Trustee Action Settlement
ABS Update / Claims Against Trustees

Recent Trustee Action Settlement

Royal Park v. BoNYM, 14-cv-06502-GHW, appears to have settled.

Recent Posts

  • Action Dismissed for Failure to Prosecute
  • Defendant Cannot Avoid Payment of Pre-Judgment Interest
  • No-Action Clause Bars Suit
  • Plaintiff Meets High Burden of Proving Reformation Claim
  • Plaintiff Waived Right to Demand Arbitration by Litigating

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