FCA Suits Over Robosigning Don't Pass Muster, Banks Say

Law360, New York (February 19, 2014, 4:11 PM EST) -- A slew of banks and mortgage-servicing companies, including Bank of America Corp. and JPMorgan Chase & Co., on Tuesday asked a federal judge to shoot down two False Claims Act suits that allege they engaged in illegal residential foreclosure robosigning, arguing the plaintiff isn’t really a whistleblower.

Lynn Szymoniak, a Florida-based attorney specializing in white collar crime who has already received $18 million for her investigations into robosigning, filed two FCA suits in 2010 naming Bank of America, JPMorgan and Deutsche Bank AG, among many others, after allegedly...
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