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Lender Processing Services, Inc. Message Board

  • lickydogbreath lickydogbreath Jun 2, 2012 2:32 AM Flag

    serious unresolved allegations against LPS

    Sooner or later, the stink gets so bad that no amount of money is enough to buy off the corrupt politicians and judiciary.

    "...the complaint alleges that defendants failed to disclose: (i) that the Company had engaged in improper and deceptive business practices; (ii) that the Company’s subsidiary Docx had been falsifying documents through the use of robo signers; (iii) that the Company had engaged in improper fee sharing arrangements with foreclosure attorneys and/or law firms, including, but not limited to, undisclosed contractual arrangements for impermissible legal fee splitting, which are camouflaged as various types of fees; (iv) as a result of the Company’s deceptive business practices, the Company reported misleading financial results; and (v) further, as a result of the foregoing, at all relevant times, the Company’s financial outlook lacked a reasonable basis. ..."

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    • Which statistics say housing is improving? You keep repeating yourself ("Like I've told you over and again", "all the latest reports show housing is making a turn for the better") but never cite a single example.

      You ought to educate yourself as to what ad-hominem means, since it seems to be your favorite style of argument.

      "An ad hominem (Latin for "to the man" or "to the person"), short for argumentum ad hominem, is an attempt to negate the truth of a claim by pointing out a negative characteristic or belief of the person supporting it. Ad hominem reasoning is normally described as a logical fallacy, more precisely an informal fallacy and an irrelevance."

      You don't like what I'm saying about LPS' legal issues, so you try to impugn my character, saying I have a vendetta (without any proof). If you didn't just pull this out of your rectum, then who am I, when did I allegedly work for LPS and when did I get fired?

    • c2bfit Jun 4, 2012 5:00 PM Flag

      wow, your are on some sort of witch hunt! Either that or your a little touched. The document with the ALLEGATIONS you're referring to is getting close to being 2 years old! You really need to refresh your research (and unbiasly too).

      • 1 Reply to c2bfit
      • Your greed is clouding your judgement.

        "Second Amended Class Action Complaint And Demand For Jury Trial
        Type: Other Date on the document: 05/08/2012"

        Last time I checked, 8 May 2012 was less than a month ago, not 2 years ago as you claim. These are current allegations and no, they haven't been resolved. If you think that pointing out current legal issues is a witch hunt then I suggest you revisit your limited understanding of the term.

        Every LPS shareholder should read and understand the "Commitments and Contingencies" section of the notes section of the 10-Q for the 3 months ended March 31st, which LPS (mis)management signed off on.

        "We are involved in various pending and threatened litigation and regulatory matters related to our operations, some of which include claims for punitive or exemplary damages. ... For the reasons described below, we are unable to estimate a range of loss in excess of the amount accrued or for any potential losses related to any other reasonably possible claims....

        In the litigation matters, plaintiffs seek a variety of remedies including equitable relief in the form of injunctive and other remedies and monetary relief in the form of compensatory damages. In some cases, the monetary damages sought include punitive or treble damages. None of the cases described below includes a specific statement as to the dollar amount of damages demanded. Instead, each of the cases includes a demand in an amount to be proved at trial. Regulatory authorities also may seek a variety of remedies and in general do not make specific demands during the course of an investigation or inquiry."

        How did that knife catching go for you today?