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"Mortgage Lenders Fight Off Rescission Class Action in 7th Circuit"

"Mortgage Lenders Fight Off Rescission Class Action in 7th Circuit": Pamela A. MacLean of The National Law Journal provides this report.

And last Wednesday, The Milwaukee Journal Sentinel contained an article headlined "Chevy Chase Bank scores victory in predatory mortgage lending case; Appellate court dismisses Cedarburg couple's class action suit." According to the article:

The 15-page decision by former Wisconsin Supreme Court Justice Diane Sykes brought an unusually sharp retort from Kevin Demet, the [plaintiffs'] lawyer.

"The opinion is a radical opinion written by a radical jurist," he said in an interview.

"This decision is a gift to certain members of the banking industry at the expense of the consumers who were misled," he said in a statement.

You can access last week's ruling by a divided three-judge panel of the U.S. Court of Appeals for the Seventh Circuit at this link.

Full post as published by How Appealing on September 30, 2008 (boomark / email).