DETROIT – A judge has dismissed a lawsuit filed by Quicken Loans against the U.S. Justice Department which claimed the federal government was forcing the mortgage company to admit it committed fraud which the company claims it did not.
The lawsuit was filed this past spring. Quicken Loans owner Dan Gilbert sent his lawyers to Detroit federal court saying "Quicken Loans appears to be one of the targets (due to its large size) of a political agenda under which the Department of Justice is 'investigating' and pressuring large, high-profile lenders into paying nine and 10-figure sums and publicly 'admitting' wrongdoing including conceding that the lenders had made 'false claims' and violated the False Claims Act."
In other words, Gilbert said Quicken Loans has to admit that it committed fraud that it never did commit.
Federal Judge Mark Goldsmith dismissed the lawsuit on Thursday. Goldsmith's motion reads, in part: " ... no matter what theory Quicken serves up to justify judicial review, its APA claims are doomed by the principle that relief under the APA is only available if the plaintiff has no adequate remedy at law."
The federal lawsuit against Quicken remains pending. Goldsmith also motioned to have the Justice Department's case be heard in Detroit instead of Washington, D.C.
View the judge's entire decision here: