by Kim Miller
The Fort Lauderdale-based Ben-Ezra & Katz law firm gave layoff notices today to 146 employees as it moves toward shutting down operations, a spokesman for the company confirmed. An additional 8 employees will be laid off from the firm’s title company.
Earlier this year, the firm had nearly 600 employees, but has been decimated following the loss of foreclosure business from federal mortgage backer Fannie Mae. Fannie Mae fired the firm in February citing “execution issues” in foreclosure proceedings.
The shutdown is the second collapse of a South Florida foreclosure law firm, following the March 31 closing of the Law Offices of David J. Stern.
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