Fraud Case Against Novastar Financial Moved to Federal Court, Details Not Yet Available |
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A class action lawsuit has been filed in federal court against Novastar Financial. The case involves allegations of fraud. Although originally filed in Madision County, Illinois state court, the case has been removed to the federal court system at the request of the defendants. The defendants have also filed a motion to dismiss the case. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available.
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Other Credit / Debt Cases of Interest
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A class action lawsuit has been filed against Option One Mortgage Corp., a subsidiary of H&R Block, by consumers who received stated income mortgage loans. The complaint alleges that these creditors were charged pre-payment penalties that violated federal lending laws. The plaintiffs seek a refund of the penalties and other damages. A class action has been filed against First Union Bank and members of its retained law firm for violations of the Fair Debt Collection Practices Act for deceptive banking acts, statutory deception and for money had and received. He seeks damages, costs and attorneys' fees.
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