The case is filed in the US District Court, Eastern District of New York, entitled "Connie Campbell against Steven Baum, MERSCORP Inc., et al.", Case #10CV3800.
It alleges violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), Real Estate Settlement Procedures Act (RESPA) and the Fair Debt Collection Practices Act, and that homeowners paid inflated foreclosure and other fees fictionalized by Baum who profited from the scheme since 2005.
The action seeks to return tens of thousands of foreclosed homes to their owners or the values thereof and hundreds of millions in punitive damages against Baum, MERSCORP and HSBC. READ MORE...
Also see: Homeowner asks HSBC: "Who is MERS? What the Heck is Going on here?"
Class Action Amended Against Merscorp to Include Shareholders, Djsp
UPDATE: From 4closureFraud.org
CLASS ACTION AMENDED
Kenneth Eric Trent, P.A. of Broward County Florida has amended the Class Action complaint Figueroa v. MERSCORP, Inc. et al filed on July 26, 2010 in the Southern District of Florida.
Now Included in the amended complaint;
MERS shareholders HSBC, JPMorgan Chase & Co., Wells Fargo & Company, AIG, Fannie Mae, Freddie Mac, WAMU, Countrywide, GMAC, Guaranty Bank, Merrill Lynch, Mortgage Bankers Association (MBA), Norwest, Bank of America, Everhome, American Land Title, First American Title, Corinthian Mtg, MGIC Investor Svc, Nationwide Advantage, Stewart Title, CRE Finance Council f/k/a Commercial Mortgage Securities Association, Suntrust Mortgage, CCO Mortgage Corporation, PMI Mortgage Insurance Company, Wells Fargo and also DJS Processing which is owned by David J. Stern.
Find more info on mortgage servicing and wrongful foreclosures by reading a few earlier blogs.