Cuomo: We’ll Fight Motion
-
- November
- 27
Attorney General Andrew Cuomo’s said today that they will fight a motion Monday by a major real-estate appraiser to dismiss Cuomo’s lawsuit that alleges the company colluded with banks to inflate the value of homes.
Last month, Cuomo filed a lawsuit that claims eAppraiseIT, a subsidiary of First American Corp., “caved to pressure” from Washington Mutual Inc. to use appraisers who allegedly inflated home appraisals. Washington Mutual, the nation’s largest savings and loan, has since suspended its relationship with the company.
But First American Corp. is seeking to throw out the lawsuit in a motion filed in U.S. District Court in Manhattan.
Cuomo said the motion should have been filed in state court, where the lawsuit emanated. He also defended the suit.
A statement from Cuomo’s spokesman Jeffrey Lerner states:
“This is a meritless motion made in the wrong court.
“First American’s vain attempts to raise procedural roadblocks should not distract from the damning facts laid out in great detail in the complaint: First American and its subsidiary eAppraiseIT colluded with Washington Mutual to inflate the appraisal values of tens of thousands of homes.
“We intend to move to remand the matter to New York State court, where the case belongs. Attorney General Cuomo will continue to fight appraisal fraud and mortgage fraud on behalf of New York consumers.”
This entry was posted
on Tuesday, November 27th, 2007 at 3:41 pm by Joseph Spector.
You can follow any responses to this entry through the RSS 2.0 feed.
Print This Post
| 
Email This Post
Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
