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29 Jun 2012, 4:52 am by John H Curley
The district court found the grievance arbitrable, and the Company appealed.The Court observed that under the Supreme Court's Litton decision a ”post expiration grievance can be said to arise under the contract only where it involves facts and occurrences that arose before expiration [or] where an action taken after expiration infringes a right that accrued or vested under the agreement…” The Court further noted, however, that there is little case law delineating… [read post]
27 May 2012, 10:44 am by Ray Garcia
Goldman Sachs, actually, sold its loan processing unit (called Litton Servicing Loan LP) to Ocwen Financial Corp. in 2011 for about $264 million (after a $200 million write-off, loss taken by GS). [read post]
19 May 2012, 7:08 am
As I've reported in the past, Ocwen is buying the servicing rights for many mortgage loans, including Litton and Saxon, so when you open your mail and find your loan has been transferred once again, don't fret if its Ocwen, as it may be a blessing in disguise. [read post]
16 May 2012, 7:07 pm by Ron Coleman
Indeed, Judge Roberts includes both the TrafFixDevices and Litton Systems patent cases in his response to the Senate Judiciary Committee’s question asking for the 10 most significant litigated matters that he personally handled. [read post]
12 Apr 2012, 2:00 pm
Last September, the Fed arrived at a similar action against Goldman Sachs (GS) and Litton Loan Servicing LP. [read post]
4 Apr 2012, 7:14 am by Ryan Blay
  Ocwen is not only servicing the lousy loans of Litton, but Saxon as well. [read post]
2 Apr 2012, 6:15 am by Mandelman
    So, do you remember the article I posted the other day about accounting for a pool of loans and how values are based on assumptions about the performance of the pool into the future? [read post]
13 Mar 2012, 1:13 pm
Litton Loan Servicing, LP (2011) 200 Cal.App.4th 1499, the California Court of Appeal held that (i) a Loan Workout Plan is not an enforceable agreement to modify a loan and (ii) a bank does not violate the "one-form-of-action" rule by accepting payments under such a Plan, then proceeding with foreclosure. [read post]
2 Mar 2012, 10:08 am by Steve Hall
University of Missouri Law School professor Paul Litton said the U.S. [read post]
2 Mar 2012, 8:55 am by Dan Filler
  The assessment team was co-chaired by Professor Stephen Thaman from Saint Louis University Law and Professor Paul Litton of the University of Missouri - Columbia Law. [read post]