Banks Move NJ Mortgage Fee Whistleblower Suit To Fed. Court

Law360, New York (September 10, 2012, 7:40 PM EDT) -- A group of financial services giants used a national electronic loan registry system to avoid paying the state of New Jersey a potentially large sum tied to mortgage recording fees, according to a Nevada man's whistleblower suit that defendant banks removed to New Jersey federal court Friday.

Whistleblower plaintiff Barret Bates sued under the New Jersey False Claims action in Burlington County Court on behalf of the state and 21 of its counties, claiming triple damages for all recording fees allegedly not paid in full by...
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