Lender Processing Services, Inc. Files Motion to Dismiss Nevada Attorney General Complaint

Published on Tuesday, 31 January 2012 08:33 Written by TradersHuddle Staff

JACKSONVILLE, Fla., Jan. 31, 2012 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data, and analytics to the mortgage and real estate industries, today responded to the civil complaint filed by the Nevada Attorney General against the company in December 2011.

In the company's Motion to Dismiss, LPS makes clear that the Attorney General's complaint contains significant legal defects which require the court to dismiss the complaint with prejudice.  Perhaps most significantly, LPS points out that the Attorney General's complaint fails to allege that any document executed by subsidiaries of LPS was incorrect, contained errors, or caused any borrower financial harm.

"LPS filed this Motion to Dismiss in response to the allegations made by the Nevada Attorney General," said Hugh Harris, LPS president and chief executive officer. "Although we have to defend ourselves against allegations that we believe are untrue, we remain committed to working with the Attorney General's office to resolve these matters."

To review the Motion to Dismiss, please click here or visit http://www.lpsvcs.com/LPSCorporateInformation/MultimediaLibrary/PublishingImages/LPS_DefendantsMotionToDismiss.pdf

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology, services and mortgage performance data and analytics to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation, portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS' loan servicing platform, MSP. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

SOURCE Lender Processing Services, Inc.