Business of Law
Another 198 Layoffs Follow Business Slowdown at Foreclosure Firm Under Fire
Posted Oct 25, 2010 10:23 AM CST
By Martha Neil
A litigation support company for a South Florida law firm known for its high number of foreclosure filings has announced another 198 layoffs, after losing business following criticism of its document practices.
That brings to nearly 300 the total number of layoffs at DJSP Enterprises after David Stern's law firm was criticized in court and by Florida's attorney general, according to the South Florida Business Journal's Heard Along the Coast blog.
Stern stepped down as chairman of the company's board of directors earlier this month.
ABAJournal.com: "Layoffs of Perhaps 100 Follow Work Slowdown at Fla. Foreclosure Law Firm"
ABAJournal.com: "Law Firm, Paid for Volume, Had 12 People Handling 12,000 Foreclosures at Once"
ABAJournal.com: "Foreclosure Lawyer Under Scrutiny Lived the American Dream, Owns a Bugatti, Yacht and Mansions"
South Florida Sun-Sentinel: "Former Stern workers testify they were pressed to bend foreclosure rules"