Statman, Harris & Eyrich, LLC Announces Investigation into Force-placed Insurance

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The law firm of Statman, Harris & Eyrich, LLC announces an investigation on behalf of customers of lenders such as Wells Fargo, Bank of America, and Citibank in connection with the practices of lenders related to overcharging customers for high-priced force-placed insurance policies when lower-priced insurance with the same or better coverage is available to the lender.

The law firm of Statman, Harris & Eyrich, LLC announces an investigation on behalf of customers of lenders such as Wells Fargo, Bank of America, and Citibank in connection with the practices of lenders related to overcharging customers for high-priced force-placed insurance policies when lower-priced insurance with the same or better coverage is available to the lender.

Specifically, the investigation focuses on lenders who purchase high-priced force-placed insurance policies when lower-priced insurance is available, which may include alleged situations in which it maximizes the lender’s profits through self-dealing to the detriment of the customers. The firm believes that persons who have a mortgage, automobile, or other collateral-backed loan from Wells Fargo, Bank of America, Citibank, or another lender that required the maintenance of insurance coverage and the insurance coverage lapsed and was subsequently replaced by high-priced force-placed insurance obtained by the lender and costing more than existing insurance, may have been unjustly charged and entitled to a refund. To discuss this investigation with an attorney, at no cost to the caller, the fees charged for force-placed insurance in connection with a mortgage or other collateral-backed loan, please contact Jeffrey P. Harris, Esq. at (513) 345-8181 or via e-mail at jharris(at)statmanharris(dot)com for further information without any obligation or cost to the party responding to the investigation.

Statman, Harris & Eyrich, LLC, which has significant experience in complex litigation, including 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.

CONTACT:    

Statman, Harris & Eyrich, LLC
Jeffrey P. Harris, Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181
E-mail: jharris(at)statmanharris(dot)com

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Brian Giles, Esq.
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