We are investigating claims on behalf of customers with mortgages who have been forced placed insurance. When a borrower’s homeowner’s, hazard, flood or wind insurance policy lapses, the bank holding a mortgage may “force place” insurance on the borrower. However, many banks have turned this into a profit center by placing that insurance through their own affiliates at premiums rates that are significantly higher than market rates.
Court Grants Preliminary Approval To $2.55 Million Proposed Settlement With Defendants In Ambac Erisa Litigation
October 1, 2012 By
The Court has granted preliminary approval to the proposed settlement of $2.55 million in Veera v. Ambac Plan Administrative Committee, et al., 10-cv-4191 (HB) (S.D.N.Y). In his class action complaint, Plaintiff Veera brought a lawsuit against the fiduciaries of the Ambac Financial Group, Inc. Savings Incentive Plan (“Plan”) in connection with the losses suffered by more »
Prepaid Debit Card Investigation
June 1, 2012 By
We are investigating claims against banks for imposing unreasonable activation and monthly usage fees on prepaid debit cards.
Stay Updated on the Ambac ERISA Action by Liking Our Community Page on Facebook
January 12, 2011 By
If you are a current or former participant in the Ambac SIP, you are invited to follow the progress of the ERISA action on Facebook. Simply Like our community page, and you will receive updates as they become available.
Lee Squitieri Named New York Metro Super Lawyer for 2010
October 6, 2010 By
Partner Olimpio Lee Squitieri was recently named as a Super Lawyer through a rigourous, multiphase rating process.