Though still active, November 2009 saw a slowed pace of lawsuits against financial institutions in the San Francisco Bay Area.  79 lawsuits were filed in Bay Area courts against financial institutions in November, down from 112 in October and 102 in September.
Of the 79 lawsuits, the majority (51) accused financial institutions of wrongful foreclosure.  The next most common type of filing (24) was for violations of the Truth in Lending Act (TILA) or other forms of predatory lending.  Other lawsuits against financial institutions in November included claims for fraud, breach of contract and negligence.  Almost all of these lawsuits involved homeowners who had either lost or were in the process of losing their homes.
Cooper’s Credit Crisis Group offers expertise in handling the issues being raised in the nation’s current housing, finance, banking, and real estate industry turmoil.  Staffed by attorneys who are fully experienced in transactional and regulatory counseling, jury trials and complex litigation, bankruptcy, banking, and publicly traded securities, the Group stands ready to assist a wide variety of clients during these difficult times.  Immediately responsive and pursuing aggressive action plans, we have consistently produced highly successful results.  For further information, please contact Jill Rowe, and to be included on our mailing list for upcoming Practice Alerts, sign up here.