Attorney David J. Stern Sued by DJSP Enterprises and PI Bill Warner While Stern Buys 150 “Five Guys Burger and Fries Franchise’s,” Foreclosure King takes on Burger King.
Wednesday, January 25, 2012
David Stern, the Florida foreclosure lawyer who profited off the state’s housing bust before losing his biggest clients Fannie Mae and Freddie Mac, was sued by a partner company that claims it was damaged by Stern’s (illegal) foreclosure practices.
DJSP Enterprises Inc. (DJSP), which took on the non-legal foreclosure-processing services of Stern’s law firm and depended on his referrals, said in a copy of a complaint included in a regulatory filing dated Jan. 3 that Stern concealed his business was “systematically engaging in unlawful and fraudulent conduct” in foreclosures.
Those practices jeopardized Stern’s relationships with his biggest clients, including banks and government mortgage companies Fannie Mae and Freddie Mac, and the viability of his law firm and DJSP, according to the complaint. DJSP said the complaint was filed January 3rd, 2012 in Broward County, Florida, MORE FROM THIS SOURCE…
LAW SUIT #1… Broward County Case Number: CACE12000096
Case Type: Fraud;
Plaintiff… Dal Group, LLC
Plaintiff… Djs Processing, LLC
Plaintiff… DJSP Entreprises Inc. FKA Chardan 2008 China Acquisition Corp.
Defendant… Law Offices of David J. Stern, P.A.
Defendant… P&M Corporate Finance, LLC
Defendant… Stern Holding Company-DS, Inc FKA Default Servicing, Inc
Defendant… Stern Holding Company-PT, Inc. FKA Professional Title and Abstract Company of Florida, Inc
Defendant… David J. Stern
LAW SUIT #2…In Sarasota County Court private investigator Bill Warner has an ongoing Libel/Slander Civil Complaint filed against David J. Stern, Law Offices of David J. Stern and two of the Stern associate attorneys.
Sarasota County Court Case Number 2010 CA 010482 NC
Plaintiff Name WILLIAM WARNER
THE LAW OFFICE OF DAVID J STERN P A
TOMAS KUCERA ESQ
DAVID J STERN ESQ
VIVIEN LEORA LURLENE
ON Jan. 19th, 2010, Chardan 2008 China Acquisition Corp. (CACA, CACAW, CACAU) signed a definitive agreement for a business combination with DAL Group, LLC aka David J. Stern Law Office, a provider of processing services for mortgage lenders and servicers in Florida. Assuming no redemptions by Chardan shareholders, the current owners of the company, the “Stern Parties” will receive approximately $111 million from DAL and the right to receive another $35 million in post-closing cash. In addition, “Stern Parties” will also hold equity interests, David J. Stern got the bulk of the cash.
My source in Fort Lauderdale tells me that attorney David J. Stern has rolled over his $Millions in foreclosure home profits and the cash he got up front from the Chardan 2008 China Acquisition Corp deal into at least 150 Five Guys Burger and Fries Franchise’s, will that be fries with your meal sir?
It appears that David J. Stern is buying “Five Guys Burger and Fries Franchise’s” in bulk, Stern is trying to acquire 500 Burger Joints NATIONWIDE, see list http://fiveguys.com/locations/store-list-by-state.aspx
Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com