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Thorne v LPS, Pommis, Et Al, 3rd Amended Complant.bank.ND Miss.feb.5

Thorne v LPS, Pommis, Et Al, 3rd Amended Complant.bank.ND Miss.feb.5

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Published by acfield13
Updated filing in suit challenging the legality of the business model of LPS and Prommis Solutions
Updated filing in suit challenging the legality of the business model of LPS and Prommis Solutions

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Published by: acfield13 on Feb 07, 2011
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11/14/2011

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IN THE UNITED STATES BANKRUPTCY COURTFOR THE NORTHERN DISTRICT OF MISSISSIPPIIn re:JONATHAN R. THORNE and BANKRUPTCYDARLENE S. THORNE, Debtors CASE:09-11763-DWHCHAPTER 13======================================================JONATHAN R. THORNE andDARLENE S. THORNE, DebtorsLOCKE BARKLEY, Chapter 13 Trustee for the NorthernDistrict of MississippiPlaintiffs,vs.Adversary Proceeding Number:10-01172-DWHPROMMIS SOLUTIONS HOLDING CORPORATION,GREAT HILL PARTNERS, LLCMORRIS, SCHNEIDER AND PRIOR, now known asJOHNSON & FREEDMAN,LENDER PROCESSING SERVICES, INC.,LPS DEFAULT SOLUTIONS, LLC
Defendants,======================================================
THIRD AMENDED COMPLAINT
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Case 10-01172-DWH Doc 75 Filed 02/05/11 Entered 02/05/11 16:12:41 Desc MainDocument Page 1 of 104
 
The plaintiffs individually and on behalf of all other persons similarlysituated bring this, their third amended class action complaint against thepreviously named defendants Prommis Solutions Holding Corporation,Morris Schneider and Prior, Johnson and Freedman, and Lender ProcessingServices, Inc. and LPS Default Solutions, LLC for the purpose of addingadditional defendants, adding further factual allegations to their complaintand adding additional causes of action as follows:
I.
 
JURISDICTION AND VENUE
1. This court has jurisdiction over the parties and the subjectmatter of this proceeding pursuant to 28 U.S.C. §§ 1334, 151 and 157. Thisis a core proceeding pursuant to 28 U.S.C. § 157(b) as to all claims andcauses of action asserted in this complaint.2. All causes of action are based on the Bankruptcy Code of theUnited States.3. Venue is proper in this district pursuant to 28 U.S.C. § 1409.
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II.
 
PARTIES
4.
 
Plaintiffs Jonathan R. Thorne and Darlene S. Thorne(hereinafter “The Thornes”) are resident citizens of the State of Mississippiand are debtors in Case No.
09-11763-DWH
filed in this Court.5.
 
The additional plaintiff added by this amendment is LockeBarkley, the standing Chapter 13 Trustee for the Northern District of Mississippi who is joined as an additional plaintiff and who sues on behalf of herself and a class of persons defined as all Chapter 13 Trustees in theUnited States of America.6.
 
The defendant Prommis Solutions Holding Corporation is apublicly traded company with its principal place of business located at 400Northridge Road Atlanta, Georgia 30350. Throughout the balance of thiscomplaint this defendant will be referred to as “Prommis Holdings”. Thisdefendants’ proposed stock ticker symbol is PRMS. This Defendant may beserved with process by serving its CEO, Denis A. Brosnan, Jr. at the addresslisted above.7.
 
The defendant Great Hill Partners, LLC is a venture capitalcompany who owns the majority interest in Prommis Holdings. Great HillPartners, LLC’s principal place of business is One Liberty Square Boston,Massachusetts 02109. This Defendant may be served with process by
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Case 10-01172-DWH Doc 75 Filed 02/05/11 Entered 02/05/11 16:12:41 Desc MainDocument Page 3 of 104

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