Blog Posts in November, 2016

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  • Improperly Marked Up Broker Price Opinion (BPO) Fees

    Posted By Golomb & Honik, P.C. || 15-Nov-2016

    Contact Us For a Free Consultation: (215) 278-4449 A Broker Price Opinion or BPO is a report performed by a real estate broker usually on behalf of a bank or mortgage holder to determine the approximate value or potential sales price of a real estate property. BPOs are often used as a tool by a mortgage holder to value property it holds an interest in after a borrower is late with a payment or ...
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  • Judge Approves $15 Settlement to End Adderall Class Action

    Posted By Golomb & Honik, P.C. || 14-Nov-2016

    Last week, a Florida federal judge approved a settlement of nearly $15 million to end a consumer class action lawsuit against Shire US Inc., who is accused of paying rival drugmakers to delay selling cheaper versions of ADD drug Adderall. This matter has been contentiously litigated over the past three years. The case dates back to April 2013, when consumers in Pennsylvania and Florida first ...
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  • Bank of America Accused of Gouging Ex-Inmates with Card Fees

    Posted By Golomb & Honik, P.C. || 7-Nov-2016

    Attorney Richard Golomb of Philadelphia class action law firm Golomb & Honik, P.C. is lead counsel for a proposed class of thousands of former Arizona inmates accusing Bank of America of charging exorbitant fees to use prepaid debit cards which were issued to them upon their release. The prepaid cards were used to return money to prisoners that was confiscated during their arrest or that they ...
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  • Deceptive Business Practices in Reverse Mortgage Loans

    Posted By Golomb & Honik, P.C. || 6-Nov-2016

    A reverse mortgage loan, also known as a Home Equity Conversion Mortgage (HECM), is a type of loan which enables older homeowners (62 or older) to withdraw some of the equity in their home. Unlike a traditional home equity loan, HECM borrowers are not required to repay the loan; repayment occurs when the home is sold, or is no longer the borrower's principal residence. Reverse mortgages ...
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  • Credit Card Servicer Hit with Class Action Lawsuit for Deceptive Practices

    Posted By Golomb & Honik, P.C. || 3-Nov-2016

    CardConnect Corp, a credit card service provider, is now facing a class action lawsuit in Pennsylvania federal court accusing the company of improperly concealing charges that they later imposed on merchants. Michigan restaurant owner and lead plaintiff Teh Shao Kao alleges that the Pennsylvania-based company manipulated the contracts that merchants were required to sign in order to increase ...
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  • J & J Ordered to Pay $70M Verdict in Third Lost Trial

    Posted By Golomb & Honik, P.C. || 1-Nov-2016

    Johnson & Johnson has lost its third straight trial alleging that its talcum powder products can cause ovarian cancer. After only three hours of deliberations, a St. Louis jury returned a verdict of $70 million in favor of the plaintiff, a California woman who was diagnosed with ovarian cancer after using Johnson & Johnson’s baby powder for feminine hygiene for more than four ...
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