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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMajor foreclosure law firm just got hit by the Karma train.
Thanks to DU's own ms. smiler for this ....
Tables are turned for foreclosure law firm
(Helped along the road to ruin by one of its executives, to boot)
A law firm that profited for years by helping banks foreclose on Massachusetts homeowners is learning what it feels like to be on the receiving end of the boot.
Woburn-based Connolly, Geaney, Ablitt & Willard employed approximately 150 people earlier this year and, at one point, billed up to $100,000 a day, according to internal documents and emails obtained by Lawyers Weekly.
Now the well-known foreclosure firm is facing eviction following several tumultuous months that saw forensic accountants investigating its books and the firm bouncing checks, failing to pay employee insurance premiums, and laying off the majority of its lawyers, paralegals and other staff en masse. Meanwhile, a Florida whistleblower lawsuit against the firm is scheduled to go to trial later this year.
Many of the problems surfaced with the departure of the firms chief financial officer, Robert F. Feige, in February. Feiges checkered past includes numerous allegations and findings of financial misdeeds. For example, a federal consent judgment in 2009 required him to restore more than $25,000 to Michael Benes Communications 401(k) plan and barred him from overseeing retirement plans in the future. The U.S. Department of Labor had accused Feige of failing to forward employee salary deferrals to the plan and to take prudent steps to collect contributions owed to the plan, according to a DOL summary of the case.
While partner Kevin P. Geaney steadfastly insists that Connolly, Geaney, Ablitt & Willard is presently growing and is clearly moving in a positive direction for the future, former employees, public records and other documents tell a different story.
Woburn-based Connolly, Geaney, Ablitt & Willard employed approximately 150 people earlier this year and, at one point, billed up to $100,000 a day, according to internal documents and emails obtained by Lawyers Weekly.
Now the well-known foreclosure firm is facing eviction following several tumultuous months that saw forensic accountants investigating its books and the firm bouncing checks, failing to pay employee insurance premiums, and laying off the majority of its lawyers, paralegals and other staff en masse. Meanwhile, a Florida whistleblower lawsuit against the firm is scheduled to go to trial later this year.
Many of the problems surfaced with the departure of the firms chief financial officer, Robert F. Feige, in February. Feiges checkered past includes numerous allegations and findings of financial misdeeds. For example, a federal consent judgment in 2009 required him to restore more than $25,000 to Michael Benes Communications 401(k) plan and barred him from overseeing retirement plans in the future. The U.S. Department of Labor had accused Feige of failing to forward employee salary deferrals to the plan and to take prudent steps to collect contributions owed to the plan, according to a DOL summary of the case.
While partner Kevin P. Geaney steadfastly insists that Connolly, Geaney, Ablitt & Willard is presently growing and is clearly moving in a positive direction for the future, former employees, public records and other documents tell a different story.
http://masslawyersweekly.com/2014/06/12/tables-are-turned-for-foreclosure-law-firm/
Sha na-na-na-na.......hey hey goodbye.............
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Major foreclosure law firm just got hit by the Karma train. (Original Post)
dixiegrrrrl
Jun 2014
OP
Liberal_in_LA
(44,397 posts)1. good
tomm2thumbs
(13,297 posts)2. nuff said
neverforget
(9,436 posts)3. Hah! Beat me to it!
Nelson Munce is great for things like this....
tomm2thumbs
(13,297 posts)4. yup, for the ones who deserve it most, it works the best ... hahahah
OldRedneck
(1,397 posts)5. ROTFLMAO!!!
rhett o rick
(55,981 posts)6. Warm up the tar. I'll get the feathers. nm
dixiegrrrrl
(60,010 posts)7. A foreclosure firm that was screwing over homeowners
in turn got screwed over by one of its own execsa....ya gotta love it!