Derivative UCL Claims Among Those Surviving Lenders’ Motion To Dismiss

(May 16, 2016, 9:17 AM EDT) -- SACRAMENTO, Calif. — The derivative nature of unfair competition law (UCL), Business and Professions Code Section 17200, et seq., claims in an action against lenders does not warrant dismissal of the claim, a federal judge in California held May 5 in partially dismissing the action (Keith Hard v. Bank of New York Mellon, et al., No. 14-1948, E.D. Calif.).

(Opinion available. Document #58-160517-009Z.)

Keith Hard purchased a residence in Chico, Calif., in December 2005 with a $450,000 loan.

In 2009 Hard sought a loan modification from...
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