Simmons v. Reich

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK -------------------------------------------x DAVIE SIMMONS, et al., Plaintiffs, MEMORANDUM AND ORDER -against- 19-CV-3316(EK)(ST) ALEXANDER REICH, et al., Defendants. -------------------------------------------x The Plaintiffs in this case are a group of homeowners who obtained what they allege were predatory mortgage loans from the Defendants. The Plaintiffs contend that the Defendants misled them into agreeing to unfair terms, charged usurious interest rates, concealed the true amount of interest charged, engaged in extortionate…