Monday, December 26, 2011

State AG: F'closure Sweatshop's Response To Suit "Another Example Of LPS' Complete Disregard For Its Fraudulent Conduct In Nevada, Across The Country"

The Las Vegas Review Journal reports:

  • Nevada Attorney General Catherine Cortez Masto called allegations that her office improperly outsourced a foreclosure document robosigning investigation "groundless." The claim was made by Lender Processing Services Inc., the nation's largest lender services company, after Masto filed a lawsuit on Friday claiming the company participated in a widespread fraud involving robosignings and other deceptive practices.

  • Based in Jacksonville, Fla., LPS responded to the 39-page fraud lawsuit by saying it "seeks to sensationalize a variety of false allegations in a misleading manner." The company also said Masto's office decision to outsource its investigation to Cohen Milstein Sellers & Toll PLLC in Washington D.C. was an "apparent violation of Nevada law."

  • "The spurious allegations by LPS are yet another example of LPS' complete disregard for its fraudulent conduct in Nevada and across the country," Masto said in an email. "Instead of acting responsibly, LPS chooses to deflect its nefarious actions with groundless allegations."

  • Masto said her office was prepared to move forward with the case and was confident that the "courts will recognize a red herring when they see it."

Source: Nevada AG says outsourcing claims by lender 'groundless'.

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