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Fredrick Levin Quoted in Law360 Article, "Morgan Stanley, Deutsche Target Force-Placed Class Action"
Fredrick S. LevinFredrick Levin was quoted in Daniel Siegal's Law360 article "Morgan Stanley, Deutsche Target Force-Placed Class Action" on September 29, 2014.
At a hearing in Los Angeles, Fredrick S. Levin of Buckley Sandler LLP, representing Deutsche Bank and Ocwen Loan Servicing LLC, urged U.S. District Judge Christina A. Snyder to dismiss Valdez's suit because Valdez didn't suffer an injury and thus lacks standing. Levin said that Valdez's complaint alleges he was injured by the cost of the force-placed, or lender-placed, insurance on his property, but that due to a loan modification, Valdez never paid for the insurance.
“Plaintiff has admitted their loan was modified, its balance reduced ... those LPI charges were forgiven,” Levin said. “This plaintiff is before this court complaining of LPI premiums he has not paid and will never pay.”