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Sprout bankruptcy embroils PNC Bank, American Express

Sprout bankruptcy embroils PNC Bank, American Express
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Sprout bankruptcy reveals creditors, complicates settlement

Sprout bankruptcy reveals creditors, complicates settlement
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New yorkUnited statesEast meadowMichael straussElizabeth straussFirst guaranty mortgage corpPark avenueNew york cityNew york basedFirst guaranty mortgageRecovco mortgage managementSmart rate mortgage

Former Sprout employees move to protect $3 5M settlement

Ex-workers took action in a NY court this week to ensure that a $3.5M settlement with defunct Sprout Mortgage for unpaid wages goes through.

New yorkUnited statesScott simpsonJackson lewisMichael straussMarc wengerMerchants bankMenken simpson rozgerRecovco mortgage managementMenken simpsonBankruptcy codeIsland based sproutSmart rate mortgage

Form ABS-15G PIF Residential Funding For: Jul 27

Form ABS-15G PIF Residential Funding For: Jul 27
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Sprout Agrees To Settle Lawsuits Over Unpaid Wages For $3 5M

Former Sprout Mortgage employees who went unpaid when the lender abruptly closed in July 2022 would each receive $2,500 from a settlement the company agreed to in federal court.

New yorkUnited statesMichael straussShea pallanteRecovco mortgage managementFormer sprout mortgageMicrosoft teamsPresident shea pallanteEastern districtSprout mortgageNew york cityCalifornia labor classFair credit reporting actInvestigative consumer reporting agencies actShutdown class