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WE SAW THIS COMING!
WILL NEW YORK BE NEXT?
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The Commonwealth of Massachusetts
Office of the Attorney General
ONE ASHBURTON PLACE
BOSTON, MASSACHUSETTS 02108
(617) 727-2200
(617) 727-4765 TTY
FOR IMMEDIATE RELEASE: MEDIA CONTACT:
December 1, 2011 Press Office
(617) 727-2543
MEDIA ADVISORY
AG COAKLEY TO HOLD PRESS CONFERENCE TO ANNOUNCE NATION’S FIRST COMPREHENSIVE LAWSUIT AGAINST 5 NATIONAL BANKS TO ADDRESS FORECLOSURE CRISIS
Files Suit After More Than Year of 50-State Negotiations
WHAT: Massachusetts Attorney General Martha Coakley will hold a press conference this afternoon to announce that her office has filed the nation’s first comprehensive lawsuit against the five major national banks regarding the foreclosure crisis. The lawsuit was filed today in Suffolk Superior Court against Bank of America, Wells Fargo, JP Morgan Chase, Citi, and Ally Financial. It also names Mortgage Electronic Registration System, Inc. and its parent, MERSCORP Inc, as defendants.
The AG’s lawsuit seeks accountability for the banks’ unlawful and deceptive conduct in the foreclosure process, including unlawful foreclosures, false documentation and robo-signing, MERS, and deceptive practices related to loan modifications.
WHO: Massachusetts Attorney General Martha Coakley
WHEN: TODAY at 1:00 PM
WHERE: Massachusetts Attorney General’s Office
One Ashburton Place
20th Floor
Boston, MA
CALL IN: For those who cannot attend the press conference, you may listen to the audio by dialing into the conference number below. A prompt will then ask you for the Access Code. Please note that you will not be able to ask questions via the conference line.
PHONE NUMBER 877-820-7831
ACCESS CODE 379877
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