KERRY CURRY - January 4th, 2012
DJSP Enterprises, the back-office arm of the Law Offices of David J. Stern, has sued Stern and his law firm, alleging fraud in the 2009 transfer of the mortgage document processing arm out of the firm and into a publicly traded entity.
The lawsuit, filed Tuesday in a Broward County, Fla., state court alleges fraudulent misrepresentations and inducements to get DJSP to buy the nonlegal mortgage operations of the Stern law firm. DJSP notified the Securities and Exchange Commission of the lawsuit Wednesday in a regulatory filing.
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DJSP sues David J. Stern alleging fraud in purchase of mortgage processing arm