Lender Processing Services (LPS) Announces Settlement With Delaware Attorney General Beau (Sellout) Biden

Lender Processing Services Announces Settlement With Delaware Attorney General

JACKSONVILLE, Fla., Oct. 16, 2012 /PRNewswire/ — Lender Processing Services, Inc. (NYSE: LPS [FREE Stock Trend Analysis]), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced that its subsidiary DocX, LLC has reached a settlement with the Delaware Attorney General, that concludes the State’s investigation of the document execution practices by DocX.

The terms of the settlement provide for, among other things, a payment of $150,000 to the State of Delaware in lieu of penalties, reimbursement of $100,000 to the Delaware Attorney General’s Office for its fees and costs of investigation, and a release of potential liability of LPS and DocX related to document execution practices in Delaware.

“This settlement is another important step in our continuing efforts to resolve legal and regulatory issues related to the operations of DocX, which we closed in 2010,” said Hugh Harris, president and chief executive officer of LPS. “LPS remains focused on resolving all remaining legal and regulatory challenges as expeditiously as possible, and is committed to ensuring that we continue to operate with integrity and compliance in everything we do.”



5 Responses to “Lender Processing Services (LPS) Announces Settlement With Delaware Attorney General Beau (Sellout) Biden”
  1. bobbi swann says:

    REally, wre you expecting more from the son of the VP who is running for re-election? C’mon people, he has had a lifetime of coaching on how to reel in the politics for his own benefit, not yours! You know what they say: like father; like son.

  2. Jason Werner says:

    And Biden will be getting sizable donation too for donations.

  3. joe parisi says:

    This is total bullshit. Unless the people of the United States have a say in any of the political bullshit, then it’s a waste of time. The banks and big corporations control this this government and the powers that be. Look for my book and expose”s coming out very shortly.

    Joe Parisi 646 485 0616

  4. Ken Hansen says:

    Layman’s analysis: Commit felonies, say you won’t do them any longer, then pay a small administrative fee to bury everything nice n’ neat. Incidentally, Delaware has more credit card operations than the alleged loan shark capitol the world, South Dakota. Now it looks like they may have “rubber stamped” fraudclosures.

  5. Bob says:

    What a sham. $250,000? Another carry a big stick and fold!

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