Daily Archives: July 18, 2015

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

Zerohedge:

According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis

  • Armenia
  • Belize
  • Costa Rica
  • Croatia
  • Cyprus
  • Dominican Republic
  • El Salvador
  • The Gambia
  • Greece
  • Grenada
  • Ireland
  • Jamaica
  • Lebanon
  • Macedonia
  • Marshall Islands
  • Montenegro
  • Portugal
  • Spain
  • Sri Lanka
  • St Vincent and the Grenadines
  • Tunisia
  • Ukraine
  • Sudan
  • Zimbabwe

And there are another 14 nations that are right on the verge of one…

  • Bhutan
  • Cape Verde
  • Dominica
  • Ethiopia
  • Ghana
  • Laos
  • Mauritania
  • Mongolia
  • Mozambique
  • Samoa
  • Sao Tome e Principe
  • Senegal
  • Tanzania
  • Uganda

NATIONSTAR SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Nationstar Mortgage Holdings Inc. – NSM

NEW ORLEANS, July 17, 2015 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 3, 2015 to file lead plaintiff applications in a securities class action lawsuit against Nationstar Mortgage Holdings Inc. (NYSE:NSM) if they purchased the Company’s securities between February 27, 2014 and May 4, 2015, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Florida.

What You May Do

If you purchased shares of Nationstar and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 3, 2015.

Read on.

JPMorgan reaches $388 million settlement in mortgage securities case

Settlement but not jail time…..

(Reuters) – JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis.

The lawsuit, brought by Fort Worth Employees’ Retirement Fund and other investors in offerings made before the 2008 financial crisis, accused JPMorgan of misleading them about the underwriting, appraisals and credit quality of the home loans underlying the certificates.

The lawsuit said that after Lehman Brothers Holdings Inc failed, the certificates were worth at most 62 cents on the dollar.

Read on.