Business owners may end up in the court room for any number of reasons, such as fraud, copyright infringement and breach of contract. For companies that have to head to court over allegations of fraud or any other offense in Detroit, it is essential to take a close look at the details of the case. After all, the outcome of a lawsuit targeting a business can have significant consequences.
In Detroit, a U.S. district judge recently ruled that the Justice Department can go after a mortgage lender based in Detroit over allegations of fraud. The Justice Department accuses the lender of fraud between 2007 and 2011. However, the judge said that the Justice Department will only be able to pursue recovery for claims that were dated on April 23, 2009, or later, due to the statute of limitations.