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Home » Store » News » Delta Seeks Court Approval of Class-Action Settlement

Delta Seeks Court Approval of Class-Action Settlement

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Delta Funding will go to court next week seeking settlement of a two-year-old class-action lawsuit. The lawsuit, Lopez et. al. v Delta Funding, focused on allegations that Delta conspired with brokers to coerce borrowers into taking loans they couldn’t afford. But in accepting the settlement offer, attorneys for the plaintiffs conceded that “substantial uncertainty exists” about Delta’s liability. For its part, Delta was able to put the allegations
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