A hedge fund accumulates foreign debt and then maneuvers in Albany to make it more collectible. [Felix Salmon]
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Posts tagged as:
debtor-creditor law
- Couldn’t sue the bees for stinging, but could get a $1.6 million judgment against the emergency room doc [NJLRA]
- Eurodoom: “EU to ban selling eggs by dozen” [Telegraph]
- “Oklahoma’s Unnecessary Law to Ban Citation of Sharia and International Law” [Ku/Opinio Juris, earlier]
- Shortage of generic anesthetics, and what’s behind it [Throckmorton, Great Zs, earlier]
- Hardball litigation tactics contribute to bad odor of consumer debt buyers [Felix Salmon]
- Interview with blogger Carlos Miller (Photography is Not a Crime) [Simon Owens, Bloggasm]
- Conyers “oil spill” bill would slyly expand litigation chances elsewhere [Drug and Device Law]
- Prosecutors deploy hate crimes law against… mortgage fraud? [NYT via PoL] 241 inmates serving life sentences claimed the federal homebuyer tax credit [CNBC]
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Low-budget ads might seem fitting for a consumer bankruptcy law practice, one supposes:
According to the YouTube-watcher who called this to the attention of reader R.T., “it seems to be a franchise”:
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David Streitfeld’s article yesterday in the New York Times on strategic foreclosure by homeowners includes this vignette of lawyers’ role (via Salmon):
In Florida, the average property spends 518 days in foreclosure, second only to New York’s 561 days. Defense attorneys stress they can keep this number high. …
[Local lawyer Mark P. Stopa] sends out letters — 1,700 in a recent week — to Floridians who have had a foreclosure suit filed against them by a lender.
Even if you have “no defenses,” the form letter says, “you may be able to keep living in your home for weeks, months or even years without paying your mortgage.”
About 10 new clients a week sign up, according to Mr. Stopa, who says he now has 350 clients in foreclosure, each of whom pays $1,500 a year for a maximum of six hours of attorney time. “I just do as much as needs to be done to force the bank to prove its case,” Mr. Stopa said.
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- Failure to warn? “Non-Child Sues For Slide-Related Injury” [Lowering the Bar]
- “AG Cuomo Sues Lawyer for Fraud, Says He Sold His Name to Debt Collector for $141K” [ABA Journal]
- Ted Frank on his move to the Manhattan Institute and Point of Law [CCAF]
- “Viacom is becoming a lawsuit company instead of a TV company” [Doctorow, BoingBoing]
- UK: “NHS pays £10,000 to family of psychiatric patient who committed suicide” [Times Online]
- American Cancer Society: federal advisory panel’s chemicals-cause-cancer alarms are overblown [NYTimes] More: Taranto, WSJ.
- “Who Knew Bankruptcy Paid So Well?” [NYTimes]
- Famed sleuth Bloomberg Holmes on the case: was the Pathfinder headed for a vile sodium den? [IowaHawk]
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Reader John B. alerts us: “If you haven’t already seen it, there’s excellent Overlawyered-type rhetoric from Justice Kennedy in Monday’s Supreme Court opinion on debt collectors’ liability under federal statutory law. Unfortunately it’s in the dissent (PDF).”
Wrote Kennedy:
[The Court's decision today] aligns the judicial system with those who would use litigation to enrich themselves at the expense of attorneys who strictly follow and adhere to professional and ethical standards.
When the law is used to punish good-faith mistakes; when adopting reasonable safeguards is not enough to avoid liability; when the costs of discovery and litigation are used to force settlement even absent fault or injury; when class-action suits transform technical legal violations into windfalls for plaintiffs or their attorneys, the Court, by failing to adopt a reasonable interpretation to counter these excesses, risks compromising its own institutional responsibility to ensure a workable and just litigation system.
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Only after the settlement was in hand did a Minnesota lawyer let slip the rather material fact that his client had some time back departed this earthly frame. [Minneapolis Star-Tribune "The Whistleblower" via ABA Journal] Ironically, the lawyer was suing over a credit report that had mistakenly reported his client as dead (back when he was alive). The lawyer, who had been disciplined seven other times, has now been barred from working for a year.
More: Discussion in comments at Legal Ethics Forum, including Prof. Monroe Freedman: “I disagree with [this kind of] result.”
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- Jury orders Dutchess County, N.Y. school district to pay $1.25 million for not adequately addressing classmate harassment of “very dark skinned” half-Latino student; district protests that it had extensively pursued diversity/sensitivity programs [Poughkeepsie Journal]
- More unwisdom: “Oklahoma House of Representatives Proposes Ban on Use of Foreign Law in Oklahoma Courts” [Volokh, earlier on Arizona bill]
- Update: California environment czars won’t ban black cars, but watch out for what reflective-layer window mandates might do to cellphones and tollgate transponders [ShopFloor, earlier]
- “Firm Sanctioned for ‘Perfect Storm’ of Improper Practices in Debt Collection” [NYLJ]
- Critic of lie detector technology says U.K. libel law has silenced him [Times Online] Science journalist Simon Singh says fighting chiropractors’ libel suit is so draining that he’s quitting his column for the Guardian [Guardian, Citizen Media Law]
- Florida: father who lost wife, son in murder/suicide at gun range drops lawsuit against the store [Orlando Sentinel]
- Appeals court declines to overturn Mary Roberts sextortion conviction [MySanAntonio.com, opinion, related, earlier]
- Corporation for Public Newspapering? Stimulus bucks go to “public-interest investigative journalism” [SFWeekly]
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A Texas man has developed a lucrative sideline in suing debt collectors who come after him. [Kimberly Thorpe, Dallas Observer]
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The New York Times reports on allegations (earlier here, h/t Patrick) that some process servers falsely claimed to have served papers on defendants who subsequently lost default judgments. Per one law encyclopedia:
The tricks of serving process papers can, however, reach a point that the courts will not tolerate because they subvert the purpose of service or threaten to disrupt the administration of justice. The most intolerable abuse is called sewer service. It is not really service at all but is so named on the theory that the server tossed the papers into the sewer and did not attempt to deliver them to the proper party. Sewer service is a fraud on the court, and an attorney who knowingly participates in such a scheme can be disbarred.
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When the wrong defendant is named in a civil complaint — wrong in the sense of being “different guy with the same name” — you might think it would be relatively routine to order the complainant to compensate the bewildered target. But it’s actually unusual enough to rate news coverage. [Jim Dwyer, "Hello, Collections? The Worm Has Turned," New York Times]
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- American Federation of Teachers backs off earlier aggressive trademark stance against critical website [AFT Exposed via Ron Coleman, earlier]
- Unintended but ever-so-predictable consequence of cash-for-clunkers: cheap used cars now a lot less cheap [Coyote]
- Strange that Pat Robertson doesn’t seem to know hate-crime laws cover crimes motivated by religious bias [Neiwert]
- Court rules against New York law firm’s debt collection practices [ABA Journal]
- Trouble amid the Lamborghinis: rumors swirl of financial defalcations at prominent south Florida law firm [WSJ Law Blog and more] Plus: Rothstein’s huge bipartisan political donations [DBR]
- Ohio: “Man dressed as a Breathalyzer for Halloween is arrested for DUI” [Obscure Store]
- Blawg star Mark Herrmann (Drug & Device Law) writes a brief in Supreme Court case on (unrelated) topic of prosecutorial immunity for misconduct [Scott Greenfield]
- Administration’s task force on medical liability reform meets amid signs it won’t accomplish much [Wood, ShopFloor; related, Stanley Goldfarb/Weekly Standard]
Surely it would have been possible to line up a lead plaintiff who did not himself turn out to run a competing collection agency [ABA Journal]
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A number of states have what are sometimes known as filial responsibility laws which obligate adult children to pay for their parents’ medical and nursing-home care. In Pennsylvania, nursing home lawyers have been known to pursue lawsuits against out-of-state children who are estranged from the parents in question. (Monica Yant Kinney, “If mom can’t pay, adult child must”, Philadelphia Inquirer, Jul. 12).
More on these laws: Jane Gross, NYT; Everyday Simplicity; Do Ask Do Tell.
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Larry Ribstein has some pertinent comments about the rolling reinvention of debtor-creditor law going on as the Administration redistributes bankruptcy priorities away from traditional creditors and toward the UAW. And Mickey Kaus credits me with perhaps more prescience than I actually possess about the union role (not that I always venture the cynical prediction…)(cross-posted from Point of Law). More: Michael Barone, Ken Silber.
P.S. Joe Weisenthal is reminded of an episode of lawlessness that I wrote about a few months back: “Before The Chrysler Mess, There Was Republic Windows”. Incidentally, those who wonder what sort of signals the incoming Administration was sending last December about the illegal Chicago plant occupation may be interested to learn that late last month Vice President Joe Biden and Illinois Sen. Dick Durbin paid a visit to the reopened Republic Windows plant, a visit which from a news account sounds as if it might fairly be described as “triumphal” in tone.
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If allegations by New York attorney general Andrew Cuomo are true, one of the most fundamental elements of due process for civil defendants — notice of a pending legal action through service of process — simply gets ignored in thousands of instances. “Sewer service” was a major concern of court reformers in the 1960s; it sounds as if the problem may never actually have gone away. [Newsday, Popehat]
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