David Stern's Law office who is under investigation by the Florida Attorney General for being accused of producing faulty paperwork for foreclosure cases while running his foreclosure mill in Broward County Florida.
We can say first hand that they foreclosed on a listing we had as we were negotiating a short sale on even after the bank called off the foreclosure. In fact, we were on a three way call with the executive at the bank when she was on the phone with Stern's office confirming they were to cancel the foreclosure sale. Guess what, they did not! Luckily in this seller's case, the bank required David Stern's office to go back and undo the foreclosure. But that is not the luck of many sellers who have been falling victim to Stern's office.
The company DJSP Enterprises is a publicly traded company which owns David Stern's law office. He was the Chairman of the company but has stepped down as chairman. He is still the CEO and President. But when the AG started the investigation their stock prices fell by 18%.
Well, now former employees of the law office of David Stern filed a federal lawsuit for back wages and benefits. Over 400 employees were fired from the law offices in a two week period. The allegations state that the employees were fired without a 60 day advance notice which is required by federal law. Altogether more than 700 people were fired from the Broward county law offices according to federal filings.
The lawsuit claims that DJSP Enterprises sent out an email to hundreds of employees to clear out and get out within an hour. One of the former employees said she worked there for 14 years and was terminates without the proper paperwork. She has cancer and was in cancer treatment and needs the proper paperwork in order to continue her health insurance into COBRA. She said that Stern knew about her cancer and that she worked the entire time even during her treatments.
We have not heard any comments from Stern regarding the lawsuit and allegations. What goes around, comes around! Karma may be your best friend or your worst nightmare- depending on how you behave and treat others!
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