In an action for breach of a mortgage loan purchase agreement, judgment for defendant based on the district court's finding that the action was champertous is reversed where the challenged assignment allowed plaintiff directly to enforce its pre-existing interest in the loan.
Appellate Information
Argued: September 26, 2008
Decided: January 11, 2010
Judges
Opinion by Judge Raggi
Counsel
For Appellant:
Ira M. Feinberg and Andowah Newton, Hogan & Hartson LLP, New York, NY
For Appellee:
Alec W. Farr and Michael G. Biggers, Bryan Cave LLP, Washington, DC
