In all seriousness this is never good news for anyone. These are workers who may have families to feed and may not be able to find jobs easily like Tammie Lou Kapusta said in her deposition, “I’ve actually had such a difficult time getting a job because I worked at David Stern’s office“.
Mr. Stern once told investors, “We take it from Cradle to Grave“.
Jeffrey Tew, Stern’s attorney, confirmed that there were layoffs, and that it was because several key lenders had frozen prosecution of foreclosure cases. Tew, a partner at Tew Cardenas LLP in Miami, said it was only normal that some cutbacks had to occur as work slowed. He said most of the layoffs were temporary positions.
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