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Corporate Bankruptcy Litigation
First Quarter 2009 Mortgage Litigation Report
main report page
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Litigation surrounding companies that file for bankruptcy protection or bankruptcy liquidation.
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Defendant
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Plaintiff
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Court
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Amount
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Overview
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Case Title |
Case Number
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Date Filed |
Link to Story |
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Image Masters Inc. |
U.S. Bankruptcy Court for the Eastern District of Pennsylvania |
na |
Lawsuit filed by bankruptcy trustee of a company that defrauded borrowers and investors out of tens-of-millions of dollars seeks the return of more than $20 million in payments collected by the lenders during the past four years. |
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www.mortgagedaily.com/LawsuitBkSnyder032409.asp |
| More than 40 defendants including former First Magnus directors and officers and StoneWater Mortgage Corp. |
Larry Lattig, First Magnus Financial Corp. bankruptcy trustee. |
U.S. Bankruptcy Court |
$1,000,000,000 |
Former executives of First Magnus are accused of RICO violations and squandering capital as the company collapsed. |
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www.mortgagedaily.com/Lawsuit1stMagnus030609.asp |
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Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.
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Repurchase News
Coverage of repurchase demands, expense and and litigation.
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