In the News

Luke Sosnicki and Stephanie Yu Author Article for Law360

September 29, 2014

Los Angeles-based attorneys Luke Sosnicki and Stephanie Yu, both in the firm’s Financial Services Litigation practice, authored an article—“Resurgence Of 'Negligent Loan Servicing' Theory In Calif.”—that appears on Law360.

In the article, Sosnicki and Yu discuss recent California state court decisions considering, and ultimately allowing, a claim for common law negligence based on the alleged negligent handling of a loan-modification review by a loan servicer.  These decisions represent a notable departure from well-established California law, which formerly barred negligence claims on the grounds that the borrower-lender relationship is arms’-length and lenders do not owe borrowers a common law duty of care.

The read the article in its entirety, click here.