Banks Beat Long-Running Missouri Mortgage Class Actions

, The Litigation Daily

   | 1 Comments

When Missouri passed a new law governing second mortgages back in 1979, the goal was to limit the burden of high-interest loans on borrowers. But after plaintiffs lawyers discovered the law more than a decade ago, it produced a predictable byproduct: class action litigation.

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What's being said

  • Darren McKinney

    An overdue slap-down for the parasitic plaintiffs‘ bar. But how much have these banks been needlessly forced to spend defending themselves up until now? And how much more will their future customers pay for mortgages as a result?

    -Darren McKinney, American Tort Reform Association, Washington, D.C.

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