Sierra Pacific Looks To Ditch Price-Fixing Kickback Suit

Law360 (April 12, 2019, 6:03 PM EDT) -- Sierra Pacific Mortgage Co. is trying to fight its way out of a proposed class action accusing the mortgage servicer of hatching a deal with a settlement service company to trade referrals for kickbacks, telling a Maryland federal court that the suit was too little, too late.

In a filing Thursday the mortgage servicer said that most of the plaintiffs' claims under the Real Estate Settlement Procedures Act are too old for the court to hear, and that the lead plaintiffs — David and Debra Bailey — put any of their claims squarely in the hands of their trustee when they...

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