Defendant Banks have for the last decade taken the losses of others and used them for their own private gain. That Defendants are in the business of making profit, and are entitled to do so is not at issue. Nor is at issue that Defendants engage in an inherently lucrative business. But it is the lengths to which Defendants have gone, to attain that profit, which is.It is where corporate lust for profit leads corporations and banks to abandon common principles of fair business dealing so well-entrenched in the human consciousness, that they need not even be announced by law, but are inherently apparent to all of us, that the courts must intervene, that an example must be set.
A line must be drawn putting Corporations, Banks, and Defendants herein on notice that where their greed exceeds the extant public need for informed disclosure in business dealings, the law will not sanction.
Brookstone Law filed the complaint in Los Angeles Superior court on 11/14/13 and the complaint was served to the defendants mid January. They had 30 days to respond to the complaint. There is a Case Management Conference set for 4/23/14. It is not a hearing, everyone meets to discuss plans for the case. We anticipate receiving further updates in 30-60 days. We will send an email advising clients of the new update. If you have any questions regarding this case please contact our client services department: (800) 946-8655 | ClientServices@BrookstoneLaw.com
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