Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Attorneys at Hogan & Hartson finalized a big win for their clients last month in D.C. Superior Court. And this time, the win was more than just a large payout. It meant that Hogan’s clients could stay in their homes. The firm spent 18,000 hours litigating two pro bono cases in which six homeowners were allegedly victimized by a predatory mortgage-lending scheme. Hogan partner Thomas Connally and associate Philip Metcalf argued that the homeowners were edging on foreclosure when they were approached by a business that promised to help them clear their debt. The homeowners, all but one of whom were elderly, then signed over the titles to their houses to Modern Management Co., but the original mortgages stayed in the homeowners’ names. Modern Management then allegedly leased the houses back to the homeowners at an inflated price and often neglected to pay the mortgages on time, further exacerbating the homeowners’ financial situation. The two cases started in 2004. In one case that went to trial, the jury awarded damages totaling more than $3.3 million last March after concluding the defendants had committed fraud and violated the D.C. Consumer Protection Act. The other case settled last summer, with the defendants paying $455,000 to the plaintiffs and returning title to several homeowners. The settlement became public once the final payment was made last month. Modern Management’s lawyer, David Cox of Jackson & Campbell, says that his client will appeal the jury verdict and that it settled the other case settled due to “business considerations.”
Attila Berry can be contacted at [email protected].

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.