Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS

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Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS

Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS

BGDAILYNEWS-

While details remain scarce, it is expected that Warren County will enter a class-action lawsuit Monday against several banks involved with Mortgage Electronic Registration System Inc., county officials indicated Thursday.

Warren County Fiscal Court voted unanimously Thursday to grant authority for the county to engage the law firms of Spurgeon & Tinker, Gregory Stumbo, and Whiteford Taylor & Preston, to represent Warren County in a class-action lawsuit.

 Last week, Kentucky Attorney General Jack Conway said he subpoenaed MERS, which he believes might have circumvented Kentucky law by failing to properly record mortgage assignments or pay filing fees with county clerks throughout the state.

[BGDAILYNEWS]

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One Response to “Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS”

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  1. […] Posted on23 February 2012. Tags: 50 state settlement, attorney general, Beau Biden, california, Catherine Cortez Masto, criminal, delaware, Eric Schneiderman, foreclosure fraud, investigation, Jack Conway, Kamala D. Harris, kentucky, Lori Swanson, Martha Coakley, Mason County, massachusetts, mbs, MERS, minnesota, mortgage backed securities, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., Nevada, new york, settlement, Trusts, wall street, Warren County Just today we learned that Legal Action Against MERS Has Been Dropped in Kentucky, so lets see what develops from this. Keep in mind that this does not rule out other states as there are different laws in each. Also, KY AG has subpoenaed MERS. […]


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