According to a complaint filed in a federal RICO class action, Wells Fargo Bank and JPMorgan Chase charge homebuyers who go into default inflated fees and interest rates.  Lead plaintiff Latara Bias claims the defendants, including Chase Home Finance, service almost 20 million mortgage loans, approximately 25 percent of the home loans made in the United States.

The class claims the defendants use an automated mortgage loan management system, and subsidiaries, to “fraudulently conceal their unlawful assessment of improperly marked-up or unnecessary fees for default-related services, cheating borrowers who can least afford it.” Continue reading “Wells Fargo Bank and JPMorgan Chase face RICO class action”

Tim DeJong presented an afternoon CLE about Complex Litigation Management and Procedural Strategies on Wednesday, February 29, 2012 at the World Trade Center, together with other local attorneys Matt Donohue and Susan Eggum.  Nena Cook moderated the panel who walked attorneys through the evaluation of a complex case, the discovery process and trial.

Continue reading “DeJong Presents MBA CLE on Litigation Strategies”