Experience
Appellate Court Victory for Hyperion Bank in Significant Title Dispute Litigation
Stradley Ronon’s client, Hyperion Bank, was victorious in a significant decision for the banking industry. On July 28, 2022, the Superior Court of Pennsylvania affirmed the dismissal of a lawsuit against Hyperion Bank. The suit alleged fraudulent deed transfers and sought to render the transfers and Hyperion’s mortgage and other security interests null and void. The Court held that an action challenging a deed transfer accomplished through a sheriff’s tax sale pursuant to 53 P.S. § 7283, even assuming that such a challenge could survive the “absolute title” conveyed by the sheriff, is subject to a six-year statute of limitations and that the equitable doctrine of laches also precluded the plaintiff/appellant’s claims which challenged the tax sale and the bank’s security interests in the real estate approximately seven years later.
Jeffrey D. GrossmanFinancial Institution Wins Dismissal in Student Loan Case
Stradley Ronon secured a victory for a leading student loan servicer in the U.S. District Court for the Eastern District of Pennsylvania. The plaintiff brought claims that the servicer violated the Federal Debt Collections Practice Act and the Fair Credit Reporting Act, based on generalized allegations that his loans were not valid. Judge Gerald Austin McHugh dismissed the case with prejudice, finding that the plaintiff alleged no facts to suggest that his loans were invalid, or that the loan documents were unenforceable.
Eric M. Hurwitz
