LPS Shareholder Hits Directors With Suit Alleging Their Failure To Hold Management Responsible For Robosigning Scandal Left Outfit On The Hook For Hefty Legal Expenses

In Wilmington, Delaware, Law 360 reports:

• Lender Processing Services Inc. directors were hit with a shareholder derivative suit [] alleging their failure to go after higher-ups responsible for the “robosigning” of foreclosure documents and other faulty practices left the mortgage servicer on the hook for hefty legal expenses.

For more, see Mortgage Co. Execs Sued Over Robosigning Defense Fees (requires subscription).