Welcome!

News Feed Item

Black and Latino Church Leaders, and the National Asian American Coalition Sue Governor Brown; Demand that $350 Million Unlawfully Diverted from Attorney General Bank Settlement be Dedicated to Homeowners Facing Foreclosure

LOS ANGELES, March 14, 2014 /PRNewswire-USNewswire/ -- At 8:30 a.m. on Friday, March 14th, major Black, Latino and Asian American organizations filed a Petition in Sacramento Superior Court demanding that Governor Brown return up to $350 million out of California's share of the 2012 National Mortgage Settlement that was secured by California Attorney General Kamala Harris, so that it can be used as intended – to aid the state's millions of homeowners in distress via direct relief and through grants to the organizations that support them.

As alleged in the Petition, shortly after the National Mortgage Settlement was announced, the Governor unlawfully diverted these funds to meet other obligations of the State, leaving the settlement fund almost fully depleted and the State's homeowners holding an empty bag of promises. Although the State of California at that time faced a budget deficit, that was then. Now, due in part to the Governor's successful efforts, the State projects a multi-billion-dollar surplus. In light of this imminent surplus, the National Asian American Coalition (NAAC) twice urged Governor Brown to return the unlawfully taken funds so they can be used for their originally intended purpose. The Governor failed to respond.

Leaders of the groups represented in the suit include the Chair of the Orange County Interdenominational Ministerial Alliance and the Senior Pastor for Christ Our Redeemer African Methodist Episcopal (COR AME) church, the largest Black church in Orange County; the National Hispanic Christian Leadership Conference (NHCLC), representing 40,000 Latino evangelical churches across the nation; and the NAAC, a HUD-approved Asian American homeownership advocacy group, the largest of its kind in the nation.

Representing the Petitioners in this lawsuit is Jenner & Block LLP, including Neil Barofsky (California pro hac vice application to be submitted), the former Special Inspector General at the US Department of the Treasury. Robert Gnaizda, former general counsel for the Greenlining Institute, is general counsel for the NAAC and represents the COR AME church in its advocacy efforts. 

Faith Bautista, CEO and president of the NAAC, joined by Reverend Mark Whitlock, the director of corporate partnerships for the 5,000 Black AME churches and senior pastor at COR AME Church of Irvine, and Reverend Samuel Rodriguez, President of the NHCLC, together say:

"We commend the Governor for his efforts in resolving our state's fiscal crisis. However, we now pray that the Governor will turn his attention and distinguished skills to help solve the homeowner crisis by replenishing the settlement fund by Palm Sunday, so that we can offer sermons of hope from our pulpits and spread the word to California's millions of homeowners in distress."

Neil Barofsky and Rick Richmond of Jenner & Block state: "It is an honor for us to represent such an impressive and courageous group of petitioners as they seek through this action to bring some measure of relief and justice to the struggling homeowners who continue to suffer as the frontline victims of the financial crisis."

A telephonic press conference on the lawsuit will be held today at 11:30 a.m. from the offices of counsel Jenner & Block LLP, in downtown Los Angeles. Please join by logging into https://jenner.conferencinghub.com/Web/NAACvBrown, or by dialing (866) 319-3661, passcode 3129232608. Please visit http://lawsuit.naac.org for the full text of the Petition, as well as letters of support from two other national HUD-approved home counseling agencies focusing on minority communities.

SOURCE National Asian American Coalition

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...