California Attorney General Kamala Harris sued JP Morgan Chase Bank Thursday, contending that it haphazardly filed about 100,000 debt collection lawsuits between 2008 and 2011 in California.
"(Chase) cut corners in the name of speed, cost savings, and their own convenience, providing only the thinnest veneer of legitimacy to their lawsuits," the state said in its complaint.
Thousands of those lawsuits were filed in Sacramento County.
In just one 15-week period in 2011, Chase filed more than 400 lawsuits in Sacramento County Superior Court. On one day alone - January 5, 2011 - Chase filed 32 lawsuits here.
Harris' office contends the bank "robo-signed" legal documents without reviewing evidence or considering the merits of the debt collection cases. Her office is seeking damages for borrowers and a ban on the allegedly illegal practices. A Chase spokesman would not comment on the lawsuit when queried by the Associated Press.
This chart shows, by week, the number of lawsuits filed by Chase in Sacramento Superior Court during the first 15 weeks of 2011.
Source: Sacramento County Superior Court