Onetime Foreclosure King Facing Multiple Suits Now Turns to New Venture: Five Guys Burgers and Fries

January 27, 2012 By Editor Leave a Comment

Source: ABA Journal Top Stories
At the top of his game as Florida’s unchallenged foreclosure king, David J. Stern had perhaps 100,000 cases and a back-office legal processing support operation that he sold for $60 million in 2010. Then came allegations of slipshod work and the firm’s sudden collapse last year, after Fannie Mae pulled its files. Judges reportedly were left to deal with abandoned cases because the firm lacked the staff or funds to move to withdraw, and now-former employees sued for termination pay. Earlier this month, the purchasers who paid Stern $60 million for DJSP Enterprises sued him as well as an accountant…
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