Sunday, November 04, 2007

New York Attorney General vs. First American Corporation

What has changed in the systemic fraudulent nature of FAF’s senior management?

It has predictably gone from bad to worse.

On June 2, 1998 Mr. Jerome Lasky of Moses & Singer, New York wrote:

“On analysis, we regard the recordation of the Deed of Trust by First American as particularly egregious conduct and, indeed a breach of its responsibilities as a licensed title company.

“Indeed we view First American’s conduct as so outrageous as to justify seeking the imposition of punitive damages as against it in any action based on its conduct.”

“In fact despite having been actively involved in title claims litigation for some thirty-five years, and having represented numerous title companies in claims litigation, the undersigned has never been presented with a comparable situation.”

“While we are addressing our letter of opinion to you personally, please be advised that we have no objection to your furnishing a copy of this letter to other counsel who are representing you in this matter or to First American, nor do we have any objection to your furnishing a copy of this letter to appropriate State Insurance Departments.

On November 1, 2007, nine years later Reuters reports that in yet another case alleging fraud by First American Corporation, New York’s Attorney General, Mr. Andrew Cuomo said: “Through this, First American helped set the current mortgage crisis in motion.”

"The independence of the appraiser is essential to maintaining the integrity of the mortgage industry," Cuomo said. "First American and eAppraiseIT violated that independence when Washington Mutual strong-armed them into a system designed to rip off homeowners and investors alike."

Should Mr. Cuomo seek help from Mr. Lasky or the offices of Moses & Singer? IMHO, a drastic meaningful action against those FAF rogues is long overdue!

Profile of Jerome Lasky, Esquire.

Mr. Lasky, joined Moses & Singer in 1948. In the course of his brilliant career, Mr. Lasky served as a Judge for the Nassau County District Court and has been an Adjunct Professor at the New York Univeristy Real Estate Institute. Mr. J. M. Lasky has also been a member of the Committee to Prepare a Code of Ethics for Nassau County.

In 1998, Mr. Lasky was a member of the American Bar Association, the New York State Bar Association, and the New York County Lawyers Association. Mr. J. M. Lasky has been a Harlan Fiske Stone Scholar at the Columbia University School of Law from where he graduated in 1948. During his College years Mr. Lasky has been the Articles Editor of the Columbia Law Review.

More recently Mr. Lasky has published articles in the New York Law Journal. In 1998 Mr. Lasky was affiliated to various legal entities such as the Association of the Bar of the City of New York (Faculty, City Bar Center Continuing Legal Education Program), The New York County Lawyers Association, The New York State Bar Association and The American Bar Association.

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