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"One of the nation's premier plaintiffs' firms."
American Lawyer
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"Representing the best qualities of the plaintiffs' bar."
The National Law Journal
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"Their effective and caring advocacy for clients has earned Lieff Cabraser its first-class reputation."
The Daily Journal
Case Center
Reverse Mortgage Cases
- Issue: Unfair misleading reverse mortgages
- Result: $8 million settlement
- 2003
Reverse Mortgage Cases
Transamerica Corporation, through its subsidiary Transamerica Homefirst, Inc., sold "reverse mortgages" marketed under the trade name "Lifetime."
The Lifetime reverse mortgages were sold exclusively to seniors, i.e., persons 65 years or older. Lieff Cabraser, with co-counsel, filed suit on behalf of seniors alleging that the terms of the reverse mortgages were unfair, and that borrowers were misled as to the loan terms, including the existence and amount of certain charges and fees.
In 2003, the Court granted final approval to an $8 million settlement of the action.