Ninth circuit affirms dismissal of class action against LCBF client in MERS litigation

In Cervantes v. Countrywide Home Loans, Inc., 2011 WL 3911031 (9th Cir. Sept. 7, 2011), the Ninth Circuit affirmed the dismissal of a putative class action challenging foreclosure procedures for home loans listing the Mortgage Electronic Recording Service (MERS) as the beneficiary on deeds of trust.  This was an appeal from the district court in Arizona handling the MDL proceedings (In Re MERS MDL Litigation).  LCBF took the lead in drafting the appellate brief on behalf of the MERS “shareholder defendants,” including firm client Federal Home Loan Mortgage Corp. ("Freddie Mac").  Mark Landman heads the team handling the matter.