Third Circuit Affirms Class Certification In Nationwide Mortgage Fraud Action Against PNC BankBy Carlson Lynch On August 1, 2015
On July 29, 2015, the Third Circuit issued a 62 page precedential opinion affirming a class certification order that had been entered in favor of 22,000 plus second mortgage borrowers and against PNC by Judge Arthur J.Schwab in the Western District of Pennsylvania. .
Bruce Carlson is co-lead counsel for this national class and presented oral argument on its behalf before the Third Circuit. Discovery in the case is largely complete and Carlson expects that the case will now proceed quickly to a jury trial. PNC has potential exposure of over 1 billion dollars in this matter.