Citibank Asks Judge To Toss Reinsurance Fraud Class Action

Law360, New York (May 17, 2013, 3:15 PM EDT) -- Citibank NA on Thursday urged a Pennsylvania federal judge to toss a putative class action alleging it schemed with private mortgage insurers to push fraudulent reinsurance on home mortgages, saying homeowners waited too long to sue under the Real Estate Settlement Procedures Act.

Citibank argued that the plaintiffs could not toll RESPA's one-year statute of limitations because they did not act with due diligence to discover the alleged “captive reinsurance scheme” within the limitations period. The suit was filed in January, more than one year after...
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Case Information

Case Title

MENICHINO et al v. CITIBANK, N.A. et al

Case Number



Pennsylvania Western

Nature of Suit

Real Property: Other


Mark R. Hornak

Date Filed

January 13, 2012

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