Lynch Carpenter Named as Co Lead Counsel in Massive Predatory Lending Class Certified Against PNC

On July 31, 2013, the United States District Court for the Western District of Pennsylvania (Schwab, J.) issued an Opinion and Order certifying a class of second mortgage loan borrowers against Pittsburgh based PNC Bank N.A. The Order appoints Lynch Carpenter and Bruce Carlson as co-lead counsel on behalf of the class.  In this case, Lynch Carpenter asserts that Class Members were defrauded in connection with their second mortgage loans and, as a result, paid grossly excessive fees in connection with the loans.  PNC’s financial exposure in this case exceeds $500 million dollars.  Please contact Bruce Carlson with any questions regarding this litigation.