Real Estate & Home

Plaintiffs' attorney offers to exit loanDepot class action over conflict of interest

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Lead attorney Ari Karen has submitted a motion to withdraw from a class-action lawsuit against loanDepot due to a conflict of interest involving a former client. The dispute arose because Karen previously represented the specific loan officer who originated the mortgages for the four named plaintiffs in the current steering case. This withdrawal is intended to prevent ethical distractions from undermining legal claims focused on alleged violations of the loan officer compensation rule and the Truth in Lending Act.

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Plaintiffs' attorney offers to exit loanDepot class action over conflict of interest

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