Matt Weidner – Fighting For The American People

Posts Tagged ‘DJSP violations’

Although the Florida Supreme Court has declined to take any affirmative action against the widespread fraud and abuse that is occurring in Florida courtrooms, all attorneys should be reminded that they have an obligation under the Rules Regulating the Florida Bar to report all potential ethical violations of other attorneys.

As reported in the attached article that appeared in the Florida Daily Business Review, I recently filed a complaint with the Florida Bar requesting that they look into the very unusual situation involving the Law Offices of David Stern and the non-legal component (whatever that is) of that practice, David J. Stern Enterprises.  I encourage everyone to read this article carefully (especially US Congressman Grayson) then stay tuned to see if the Florida Bar actually takes any interest in the very real issues that provoked the complaint…..

STERN2

For comprehensive reporting of many complex issues that relate to our courts and foreclosure in particular, please visit the website of the Daily Business Review Here.

While I’m certainly glad that national and statewide press have now picked up on the issues relating to foreclosure and foreclosure fraud, we cannot forget that the excellent regional press sources like Daily Business Review have been tracking and reporting on these issues for quite some time.  Please support their reporting and effort by subscribing to their excellent paper.

National, regional and local press are reporting the serious issues relating to Foreclosure Fraud nearly every day now.  A handful of honest judge with integrity are taking notice of the fraud in the foreclosure process and holding the lawyers and their clients to task.  A ranking member of the United States Congress has written a letter to the Chief Justice asking for a moratorium on foreclosures. And yet in spite of all of this, across this state, oftentimes in secret courtrooms that are hidden from the public using evidence and information that is hidden from the scrutiny of press or public view, judges will be signing thousands of foreclosure judgments.

I was in one of those secret Kafka-esque courtrooms in Tampa yesterday.  I made the speech I just made to the judge as he was in the middle of robo signing hundreds of judgments.  He seemed annoyed at my presence in the courtroom and my suggestion that there was anything at all wrong with the process.  We all know this is horribly wrong and like a sick patient that ignores his symptoms before it’s too late, the longer we allow this to play out, the worse the day of reckoning will be.  One of my motivations early on was to bring attention to this crisis in the hopes that officials would step up and stop this madness.  Our Attorney General is to be commended for taking the lead in this crisis…we can only hope that the Office of Attorney General maintains the integrity necessary to give these investigations their full force and impact.

Things just keep looking darker for the former king of Florida foreclosures, David J. Stern.  This comes from the wire at Wall Street Journal…poor David J. Stern…..the following is taken directly from the press release:

The Briscoe Law Firm, PLLC and Cash Powers Taylor, LLP Announce the Investigation of Possible Breaches of Fiduciary Duties Against the Officers and Directors of DJSP Enterprises, Inc.

DALLAS, Jul 28, 2010 (BUSINESS WIRE) — The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Cash Powers Taylor, LLP are investigating potential legal claims available to purchasers of DJSP Enterprises, Inc. (“DJSP” or “Company”) /quotes/comstock/15*!djsp/quotes/nls/djsp (DJSP 3.95, +0.07, +1.85%) during the period of March 16, 2010 and May 27, 2010.

DJSP and certain of its officers and directors allegedly violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements and failing to disclose certain facts known to them regarding the Company’s business and financial results. Specifically, on March 11, 2010, the Company issued statements assuring investors that it would continue to profit and earn revenue as usual, despite the Obama Administration’s efforts to curb real estate foreclosures. Additionally, the Company stated that DJSP would continue to be profitable in subsequent years and that its business would not be affected by the government’s involvement in the mortgage markets. However, in April 2010, when the Company’s largest clients began real estate foreclosure conversion systems, DJSP revenue from mortgage foreclosure began to substantially decline. As a result of defendants’ false statements, DJSP’s stock traded at artificially inflated prices during the Class Period.

If you currently own or purchased DJSP shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Cash Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@cptlawfirm.com, or The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Cash Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE: Cash Powers Taylor, LL

WITH ALL THESE SERIOUS ALLEGATIONS, HOW CAN OUR CIRCUIT COURT JUDGES CONTINUE TO GRANT FORECLOSURE?