One after the next, the clever disguises of “Lets Help You Pay” seems to sprouts up in multiple forms.

Recall this for instance, not so brilliant winner, Foreclosure & Unemployed – Up to $50K Zero Interest Loans? Who does this really benefit? You guessed it…the Banks.

Do they seriously think this will reduce foreclosures and stabilize home values? Who are they kidding. How about creating jobs first. They quite obviously don’t understand economics. This will exhaust your savings and who has a secure job these days?

AJC-

Georgia legislators introduced a bill to allow Americans to pay mortgages by withdrawing retirement funds, such as a 401(k) account, without penalty.

The bill’s sponsors, Sen. Johnny Isakson, R-Ga., and Rep. Tom Graves, said they believe it would help people keep their homes in tough economic times.

“I firmly believe that economic recovery in this country will not occur until the housing market bounces back,” Isakson said. “To that end, this legislation will help strengthen the American housing market because it will lead to a reduction in foreclosures and in turn will help stabilize home values.”

[AJC]

VIA: LawyersandSettlements.com

DJSP Enterprises, Inc. has been accused of securities fraud. If you are a current or former employee or are a member of any of DJSP Enterprises, Inc. investment plans or profit sharing retirement plans you may be included in this possible DJSP Enterprises, Inc. 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held DJSP Enterprises, Inc. stock in one of those plans during the periods Mar-16-10 to May-27-10, you may have a claim.

Under ERISA, DJSP Enterprises, Inc. employees can file a lawsuit against the company for putting stock options at risk. DJSP Enterprises, Inc. employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company’s responsibility to the people who invest in it. If an employer puts the company’s interest ahead of the investors’, it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

DJSP Enterprises, Inc. 401(k) / ERISA Legal Help

If you have suffered from DJSP Enterprises, Inc. 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible DJSP Enterprises, Inc. ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint. If you are NOT a current or former employee of this company, please use this form to register your complaint. Thank you.

Last updated on Jul-21-10