NYC judge returns investor lawsuits to state court
Lawyer Blogs
A judge has rejected mortgage lender Countrywide Financial's effort to have some investor lawsuits heard in federal court.
Judge Richard Holwell in Manhattan concluded in a decision released Tuesday that Congress did not intend for a federal court to hear a dispute over the mortgage lender's promise to buy back modified loans from investors. He returned the case to state court.
Holwell wrote that it was tempting to find federal jurisdiction every time a multibillion dollar case with national implications arrives at the court's doorstep. But he said the decision is ultimately left up to Congress.
Holders of mortgage-backed securities sued Countrywide in December. Shirley Norton, a spokeswoman for Bank of America Corp., Countrywide's parent company, said the company will appeal the decision.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.