October 28, 2009 12:25 PM |
Posted by Shwayri, Rebecca |
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A federal judge is stepping in to end the stalemate in two class action lawsuits in state court against Louisiana Citizens Property Insurance Corp. The Magistrate Judge invited the Insurance Commissioner and the attorneys to convene in federal court. Because neither court has primacy over the other and because the rival cases have spawned appeals, no money has been distributed to policy holders from claims arising out of the 2005 hurricanes.
A California homeowner has filed a class action lawsuit against the Pulte Home Corporation, alleging that Pulte engaged in a fraudulent scheme to prop up sales and home prices through control of the sales process. The plaintiff alleges that Pulte’s business model provides one-stop-shopping for home buyers and that the company controls sales, financing, ancillary settlement services, and appraisals. The plaintiff alleges that Pulte lured unqualified buyers by promising them large discounts.