Cincinnati, Ohio (PRWEB) April 21, 2012
The law firm of Statman, Harris & Eyrich, LLC announces an investigation on behalf of consumers in connection with the practices of lenders related to force-placed insurance policies that constitute a pattern of exploitative profiteering and self-dealing against the interest of consumers.
Specifically, the investigation focuses on lenders who purchase high-priced insurance policies, having pre-arranged agreements to purchase force-place insurance from a single company without seeking competitive bids on the open market to maximize their own profits, backdating the force-placed policies to charge for retroactive coverage, and/or receiving “commissions” or “kickbacks” for the procurement of the force-placed policies. If you have a mortgage, automobile, or other large collateral-backed loan that required the maintenance of insurance coverage and the insurance coverage lapsed and was subsequently replaced by coverage obtained by the lender, you may have been unjustly charged and entitled to a refund. If you wish to discuss with an attorney, at no cost to you, the fees you were charged for force-placed insurance in connection with your mortgage or other collateral-backed loan, please contact Brian T. Giles, Esq. at (513) 345-8181 or via e-mail at classaction(at)statmanharris(dot)com for further information without any obligation or cost to you.
Statman, Harris & Eyrich, LLC, which has significant experience in consumer and securities fraud class actions and derivative litigation, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Saratoga, Florida. http://www.statmanharris.com Attorney advertising. Prior results do not guarantee similar outcomes.
Statman, Harris & Eyrich, LLC
Brian Giles, Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181