Nev. AG Masto Says Hiring of Private Firm to Bring Case Against Lender Processing Services (LPS) Not Against the Law

Nev. AG says hiring of private firm not against the law

LAS VEGAS (Legal Newsline) – Nevada Attorney General Catherine Cortez Masto is defending her decision to hire a private law firm to sue a loan processing company.

Friday, Masto filed a lawsuit against Lender Processing Services, an outfit she accuses of fraud in its execution of foreclosure documents – so-called “robo-signing.” LPS, however, said no one has been harmed by any of its alleged actions.

It added that its pre-lawsuit discussions with Masto were “frustrated” when she decided to hire Washington, D.C., plaintiffs firm Cohen Milstein Sellers & Toll. The company called an “apparent violation of Nevada law.”

Masto e-mailed the Las Vegas Review-Journal to insist that isn’t the case, calling the claim “groundless.”

The spurious allegations by LPS are yet another example of LPS’ complete disregard for its fraudulent conduct in Nevada and across the country,” Masto told the paper Instead of acting responsibly, LPS chooses to deflect its nefarious actions with groundless allegations.”

LPS said Friday that it cooperated with Masto’s office during a 14-month investigation.

“The complaint highlights misconceptions about LPS and seeks to sensationalize a variety of false allegations in a misleading manner,” it said.

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4closureFraud.org

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