Lenders likely to lose fraud cases in court

Jones, Lee
September 2009
Money Marketing;9/3/2009, p13
The article discusses the tendency for lenders to lose in fraud cases due to negligent lending in Great Britain. Nick Baxter, director at Mortgage Promotions, affirmed that there has already been a massive upturn in the legal action trend with which lenders could lose out many times. Collegiate legal and claims director Martin Archer also predicts that lenders will have difficult time to fight their cases.


Related Articles

  • A Routine Foreclosure May Be a Preferential Transfer. ALBERGOTTI, ROBERT D.; PHELAN, ROBIN E.; MIDDLETON, JOHN // Pratt's Journal of Bankruptcy Law;Oct2011, Vol. 7 Issue 7, p595 

    A bankruptcy judge in Dallas recently issued an opinion that exposes foreclosing lenders who credit bid to possible attack. The court ruled that a lender that credit bid to purchase its collateral at a foreclosure sale prior to the bankruptcy of the borrower could be sued for a preference to...

  • The "F" Word Feared by Lenders and Accountants. Grusd, Neville // Secured Lender;May/Jun2007, Vol. 63 Issue 3, p56 

    The author reflects on several reasons why lenders and accountants are concerned about fraud and presents some major steps being followed by lenders to avoid being defrauded. He states that accountants are exposed to litigation and possibly substantial claims when fraud is undetected in the...

  • TURNING A "BLIND EYE" EXPOSES LENDER TO HUGE DAMAGE AWARD. Pfeiffer, Mark // Banking Law Journal;Sep2011, Vol. 128 Issue 8, p746 

    The article offers information about the U.S. court case In Re Teleservices Group, Inc. that related to the issue of liability for lenders in instances of fraud under U.S. banking law. It provides analysis of the case which involved the legal issue of liability and fraudulent action committed by...

  • UK news round-up. Burns, Stuart // Accountancy;Oct97, Vol. 120 Issue 1250, p18 

    Reports on the paperwork in fraud cases in Great Britain. Reasons for the collapse of prosecution; Importance of reliable filing system.

  • COMMERCIAL LITIGATION. Becker, Deborah A. // Business Lawyer;Nov85, Vol. 41 Issue 1, p310 

    Presents articles related to commercial litigations. 'Shareholder Derivative Actions Under the Securities Laws-Phoenix or Endangered Specie?'; 'Corporate Criminal; Liability for Homicide: Can the Criminal Law Control Corporate Behavior?'.

  • How to spot worker fraud: red flags.  // Legal Alert for Supervisors;1/20/2012, Vol. 7 Issue 160, p3 

    The article offers tips for supervisors on how to uncover any work-related fraud by observing flashy staffers, especially those who does not have salaries that match with belongings, those who refuse to delegate work, and those who render overtime but with little output.

  • BENIGN, BUT A BUGBEAR.  // Accountancy;Nov97, Vol. 120 Issue 1251, p54 

    Reports that Whitting-dale has launched a service that maximizes the returns of institutional clients on their surplus sterling and dollar liquid funds.

  • Shareholder Charges Authentic, Warnaco With Securities Fraud.  // DNR: Daily News Record;8/3/98, Vol. 28 Issue 91, p6 

    The article reports on the case that a shareholder has filed a lawsuit against Authentic Fitness and Warnaco Group and three corporate officers with securities fraud.

  • San Bernardino County Seeks To Expand Suit Against Firm. Hume, Lynn // Bond Buyer;11/03/2000, Vol. 334 Issue 31010, p3 

    Reports plans of the San Bernardino County to expand its lawsuit filed against Miller and Schroeder Financial Inc. concerning assets management in California. Claims on several factual errors in the complaint field; Overview of the case; Allegations on fraudulent transfers of property; Impact...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics