Law360 (Aug 2, 2021 4:46 PM ET) – The Fifth Circuit commission handed down a nearly $ 15 million jury verdict awarded to an investment company tricked into buying over 1,000 non-performing home loans after finding the verdict over-compensated. company and must be reduced by at least $ 6.5 million.
A three-judge panel declined to order a new trial in the case, but agreed with real estate investor Mark Hyland and his companies that compensation in favor of SED Holdings LLC should be recalculated to avoid double counting certain amounts and to account for the settlement. loans, according to the published opinion filed on July 27 ….
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