Palm Beach Delays Vote On Hiring Firm To Pursue Lenders

Law360, Miami (October 1, 2013, 5:23 PM EDT) -- Palm Beach County commissioners heeded a request from local business leaders Tuesday and postponed deciding whether to hire Harris Penn Lowry LLP to help with possible litigation for damages caused by banks' predatory lending during the Great Recession.

Several commissioners expressed support for the county attorney's proposal, which would bring in the Atlanta-based firm on a contingency basis for litigation over violations of the Federal Housing Act, but a number of concerns also came up about rushing into legal action, and the board agreed to the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.