Lender Processing Services Inc. directors hit with a shareholder derivative suit alleging their failure to go after higher-ups responsible for the “robosigning”

This is the way you do it shareholders! If anyone comes across this complaint, please shoot it over. Thx in advance.

Law 360-

Lender Processing Services Inc. directors were hit with a shareholder derivative suit Tuesday alleging their failure to go after higher-ups responsible for the “robosigning” of foreclosure documents and other faulty practices left the mortgage servicer on the hook for hefty legal expenses.

Shareholder Steven Hill claims in a complaint filed in Delaware Chancery Court that while Florida-based LPS has borne the high cost of resolving litigation over the business practices of subsidiaries LPS Default Solutions and DocX, including a recently announced $127 million settlement, the company’s…

[LAW 360]