Tag Archives: Order

Kramer Kaslow: Office of Comptroller of the Currency indicators Cease and Desist Order with MERS Corp.

Posted on by


Calabasas, CA (PRWEB) June 03, 2011

The Office of the Comptroller of the Currency has just signed a Cease and Desist settlement agreement with MERS Corp (Mortgage Electronic Registration Systems). Among other items, the Cease and Desist order finds, We have identified certain deficiencies and unsafe or unsound practices by MERS and MERSCORP that present monetary, operational, compliance, legal and reputational dangers to MERSCORP and MERS, and to the participating Members. (OCC No. AA-EC-11-20 Board of Governors Docket Nos. 11-051-B-SC-1,11-051-B-SC-2 FDIC-11-194bOTS No. 11-040 FHFA No. EAP-11-01)

&#13

Noted lawyer Philip Kramer, a senior companion at the law firm of Kramer &amp Kaslow offers insight, MERS Corp is the owner of Mortgage Electronic Registration Systems (MERS), 1 of the cornerstones of the current banking crisis. In order to reduce up loans and move the pieces around the world at the speed of electronics once again and again and once again, till no one particular is certain who owns what, monetary institutions have been making use of MERS as the beneficiary, a legal term which in practical terms signifies they are entitled to foreclose on behalf of the lender except MERS is nothing at all more than an electronic database. They are typically named as beneficiary. However in order to legally be named as beneficiary they would have had to put up funds on the loan. Not to mention the truth that the recordation itself is not even official. BUT most importantly, MERS is by no means a Holder in Due Course.

&#13

Philip Kramer goes on to observe that, Have been a nation of laws. Everyone knew that MERS didnt have the proper to seem as a beneficiary, but it would have been inconvenient to act on this since MERS was in widespread use throughout the banking business. It was incorrect, wrong, wrong, but everyone was carrying out it. Just like they had been performing no-doc loans and other sleights of hand. Just like the banks were doing so a lot of bad issues to homeowners. All they wanted to do was increase their profits no matter who it hurt or how wrong their practices may be.

&#13

The complete text of the consent decree can be identified at the following URL:

&#13

&#13

ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

&#13

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on enterprise litigation, and actual house matters. He has prosecuted and defended cases for more than twenty five years.

&#13

Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with true estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, construction and improvement, finance, and landlord tenant matters.

&#13

Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 cases. He has appeared on nationally televised applications relating to pre-trial procedure and trial approach and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of various legal and organization issues.

&#13

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

&#13

Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in a lot of organizations. For more information contact (818) 224-3900 or go to http://kramer-kaslow.com.

&#13

###

&#13
&#13
&#13
&#13
&#13

Related Loan Modification Services Press Releases

Vaginal Mesh Lawsuits Move Forward, as Bernstein Liebhard LLP Notes New Pretrial Order in Federal Transvaginal Mesh Litigation

Posted on by


New York, New York (PRWEB) May possibly 30, 2013

Thousands of vaginal mesh lawsuit claims continue to move forward in federal litigations now underway in U.S. District Court, Southern District of West Virginia, Bernstein Liebhard LLP reports. According to a Pretrial Order issued by the Court on May possibly 29th, parties in the litigations have reached an agreement regarding the delayed filing of claims and the application of the statute of limitations. According to the Order, the agreement will apply to 4 litigations underway in the Southern District of West Virginia: American Health-related Systems, Inc., Pelvic Repair Systems Items Liability Litigation (MDL No. 2325) In re: Boston Scientific Corp., Pelvic Repair Systems Items Liability Litigation (MDL No. 2326) In re: C.R. Bard, Inc., Pelvic Repair Systems Products Liability Litigation (MDL No. 2187) and In re: Ethicon, Inc., Pelvic Repair Systems Goods Liability Litigation ( MDL No. 2327). Bernstein Liebhard LLP partner, Jeffrey S. Grand, serves on the Plaintiffs Steering Committee in all of these proceedings.

&#13

This Order will make certain that vaginal mesh lawsuits are filed in an effective manner in these 4 proceedings. We are pleased to see these situations progressing, as we continue to hear from ladies who allegedly suffered significant vaginal mesh complications following surgery to treat pelvic organ prolapse and pressure urinary incontinence, says Bernstein Liebhard LLP, a nationwide law firm representing victims of defective drugs and health-related devices. The Firm is at present representing hundreds of girls in state and federal courts who allegedly suffered mesh erosion, pain, scarring, infection and other serious vaginal mesh complications.

&#13

Vaginal Mesh Complications&#13

Pelvic mesh devices employed to treat pelvic organ prolapse and pressure urinary incontinence have been the topic of a U.S. Meals &amp Drug Administration (FDA) security assessment because October 2008, when the agency warned that it had received more than 1,000 vaginal mesh complication reports for the duration of a 3-year period. In July 2011, the FDA changed its stance on the frequency of injuries associated with prolapse repair, stating it no longer regarded these complications to be rare. At that time, the agency revealed it had received far more than two,800 reports of vaginal mesh injuries because its 2008 communication.*

&#13

Court documents indicate that thousands of women have given that filed transvaginal mesh lawsuits, all of which allege the manufacturers of the devices have been negligent in designing the items, and failed to warn customers of their significant risks. Thousands of added transvaginal mesh claims involving goods marketed by Ethicon Inc. and C.R. Bard have been consolidated in New Jersey Superior Court, Atlantic County, exactly where Bernstein Liebhard LLP partner, Jeffrey, S.. Grand is serving as Co-Liaison Counsel. (In re: Pelvic Mesh Litigation/Bard, No. L-6339-ten, and In re: Pelvic Mesh/Gynecare Litigation, No. 6341-ten) He also served on the trial team in the litigations initial Ethicon mesh trial, which concluded with an award of far more than $ 11 million, including punitive damages, to the Plaintiff. (Gross v. Gynecare Inc., Atl-L-6966-ten, Superior Court of Atlantic County, New Jersey).

&#13

Victims of alleged vaginal mesh complications could be entitled to compensation for their healthcare bills, discomfort and suffering, and other injuries. A wealth of info relating to transvaginal mesh lawsuits can be located at Bernstein Liebhard’s web site. To learn a lot more, please get in touch with 800-511-5092.

&#13

*fda.gov/MedicalDevices/ProductsandMedicalProcedures/ImplantsandProsthetics/UroGynSurgicalMesh/default.htm

&#13

About Bernstein Liebhard LLP &#13

Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex person and class action lawsuits nationwide since 1993, which includes these who have been harmed by unsafe drugs, defective health-related devices and consumer products. The firm has been named by The National Law Journal to the Plaintiffs Hot List, recognizing the top plaintiffs firms in the nation, for the past ten consecutive years.

&#13

Bernstein Liebhard LLP &#13

ten East 40th Street &#13

New York, New York 10016 &#13

800-511-5092

&#13

Lawyer Marketing.