Mass. AG hits big banks with foreclosure lawsuit

By Reuters
Thursday, December 1, 2011 12:45 EDT
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A foreclosure sign. Photo: iStock.
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(Reuters) – The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, such as robo-signing.

Attorney General Martha Coakley said on Thursday the lawsuit was filed in state court inBoston against Bank of America Corp, JPMorgan Chase & Co Inc, Citigroup Inc, Wells Fargo & Co and Ally Financial.

Coakley’s office said the lawsuit was filed after more than a year of negotiations with the banks involving all 50 states.

(Reporting by Tim McLaughlin in Boston; editing by John Wallace)

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