What is it with Pennsylvania? The Judge in a RICO case handed down an opinion that stated that Chase knew of, and participated in, a fraudulent real estate scheme, phony appraisal scheme, predatory lending, etc., yet he wants a "settlement"?Judge delays Poconos home fraud trial
Move is made in effort to get sides to discuss a settlement.
December 26, 2008
A U.S. District judge has called for an attempt at a negotiated settlement and delayed the trial related to the federal lawsuit that alleges more than 100 home buyers were defrauded by JP Morgan Chase Bank and a Poconos developer.
Originally scheduled for February, Judge Christopher Connor rescheduled the trial to June 1, 2009, after a mediation session with retired Judge Diane M. Welsh was scheduled for Jan. 28.
The mediation was ordered by Connor after he delivered a strongly worded opinion filed in October saying the ''record supports the conclusion that the Chase defendants'' aided the alleged scheme by Tannersville builder Gene Percudani to sell homes at inflated prices.