Law and legal issues

Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.

Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.

The company, acquired by CrossCountry Mortgage in 2022, discouraged employees from reporting they worked off-the-clock as a means to "save on labor costs."

The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.

Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.

The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.

A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.

The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.

Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.

Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.