12 Oct 2010 at 2:46 PMPosted in:

Citigroup, Lawyer of the Day, Layoffs, Real Estate

David J. Stern, the Florida Foreclosure King, Is Under
Investigation — and Doing Layoffs

By Morning Dockette

Back in September, we wrote about David J. Stern, “Florida’s
Foreclosure King,” who earned our Lawyer of the Day title for his ascendancy
from the fourth tier to the lap of luxury. At the time, we sang Stern’s
praises. Stern, a graduate of South Texas Law, employs 900 people, made $17.8
million in 2008, owns $60 million in real estate, and collects yachts.

Thanks to the New York Times, we knew back then that Stern
may have been a shady character. But we kind of brushed off those pesky little
questions about his “ethics” and “questionable practice methods.” I mean, come
on, how many lawyers can say that they drive a Bugatti?

Well, maybe we shouldn’t have overlooked these issues so
quickly…