Christina Livorsi was quoted in the Reuters Legal article, "NY high court revives foreclosure actions, clarifies law." The article discusses the New York Court of Appeals reviving four foreclosure actions in a ruling that clarifies when lenders' actions trigger and revoke the statute of limitations. Chief Judge Janet DiFiore wrote for the court that when a mortgage loan has been validly accelerated by a prior foreclosure action, in the absence of a contemporaneous statement to the contrary, the lender's voluntary withdrawal of that action de-accelerates the loan, meaning subsequent foreclosure actions are not time-barred.
Livorsi, who argued the appeal on behalf of client Wilmington Savings Fund Society, FSB, DBA Christiana Trust, not individually but as Trustee for Pretium Mortgage Acquisition Trust (as successor in interest in this action to Ditech Financial LLC f/k/a Green Tree Servicing LLC), a lender in one of the four cases, was quoted as welcoming the ruling and saying it will bring uniformity and certainty for lenders and borrowers.
The case was also covered in "'A Clear Rule': NY Court Says Acceleration Automatically Revoked With Voluntary Dismissal of Foreclosure Action" in the New York Law Journal, which was syndicated in the Connecticut Law Tribune, "Day Pitney Scores Win in NY's High Court, Clarifying Revoked Acceleration in Foreclosure Action."
Day Pitney Partner Joy Harmon Sperling will present on a panel entitled "How to Navigate Debt Collection Restrictions, Manage Liquidity Challenges, and Reconcile Opposing Demands from Consumers and Investors as a Servicer," at the 27th American Conference Institute National Forum on Residential Mortgage Regulatory Enforcement and Litigation.
Day Pitney Alert
Day Pitney Advisory
Mark Romance authored an article, "Five Tips for Representing a Non-Party Served with a Document Subpoena: Welcome to the Party?," published by the American Bar Association Section of Litigation.
On October 30, Andrew Ingalls spoke on a panel, "Emerging Federal Statute Developments and Strategies for Defending Against Innovative Borrower Claims," at the 26th National Forum on Residential Mortgage Regulatory Enforcement & Litigation, presented by the American Conference Institute (ACI) and held in Dallas, TX.
Day Pitney Press Release
Day Pitney Press Release
Firm Ranked Tier 1 Nationally for Energy Law and Trusts and Estates Law
Joy Harmon Sperling was featured in an article, "Rainmaker Q&A: Day Pitney's Joy Harmon Sperling," in Law360.
Stamford, Conn., August 24, 2015 - Day Pitney is pleased to announce that 68 attorneys have been selected for inclusion in the 2016 Best Lawyers in America. Best Lawyers ranks lawyers through peer-review surveys, and has been published annually since 1983.
Judge Christopher Droney (ret.) and Matthew Austin co-authored the article, "The Investigation and Enforcement Landscape Under the Garland Department of Justice," for the New York Law Journal.