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Home » Store » Taxable » Jury Holds Lehman Partly Responsible for First Alliance Abusive Practices

Jury Holds Lehman Partly Responsible for First Alliance Abusive Practices

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Companies that provide funding for subprime lenders got a chilling wakeup call this week, when a California jury ordered Lehman Brothers to pay $5.1 million for its dealings with bankrupt First Alliance Mortgage Corp. The potential repercussions of the verdict in Austin v. Lehman were driven home when the Florida Attorney General’s office announced its own lawsuit against Lehman – which the state alleges knowingly
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