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the Helen Galope 9th Circuit filed Appellant Reply Brief case 12-56892

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the Appellant's Reply Brief in the 9th circuit on the Helen Galope LIBOR case. A Ninth Circuit panel on March 27, 2014 revived a putative class action alleging a Deutsche Bank AG subsidiary and Barclays Bank PLC manipulated the London Interbank Offered Rate to drive up mortgage rates, ruling the plaintiffs were injured when they bought mortgages without knowing about the manipulation. In an unpublished memorandum opinion, the appeals court reversed a lower court's order granting summary judgment to Barclays on the grounds that plaintiff Helen Galope could not prove she had suffered any injury from the conspiracy to manipulate Libor....... Barclays had a contract with New Century Mortgage for loan origination. refer to the memorandum opinion posted here on ScribD
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  Selected docket entries for case 12−56892 Generated: 08/15/2013 08:31:30 FiledDocument DescriptionPageDocket Text 08/14/201339 Main Document2Submitted (ECF) Reply Brief for review. Submitted byAppellant Helen Galope. Date of service: 08/14/2013.[8743573] (LA)08/15/201340 Main Document40Submitted (ECF) Reply Brief for review. Submitted byAppellant Helen Galope. Date of service: 08/14/2013.[8743579] (LA) (1 of 73)  Docket No. 12-56892 IN THE UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT HELEN GALOPE, on behalf of herself and all others similarly situated,  Plaintiffs - Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE UNDER POOLING AND SERVICING AGREEMENT DATED AS OF MAY 1, 2007 SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST 2007-BR4; WESTERN PROGRESSIVE, LLC; BARCLAYS BANK PLC, BARCLAYS CAPITAL REAL ESTATE INC. d/b/a HOMEQ SERVICING; OCWEN LOAN SERVICING, LLC, and DOES 4 through 10, Inclusive,  Defendant - Appellee. APPELLANTS’ REPLY  BRIEF TO DEUTSCHE BANK NATIONAL TRUST COMPANY, WESTERN PROGRESSIVE, LLC, AND OCWEN LOAN SERVICING, LLC ’ S ANSWERING BRIEF APPEAL FROM THE U.S. DISTRICT COURT For the Central District of California, Santa Ana Case No. 8:12-cv-00323-CJC (RNBx) The Honorable Cormac J. Carney, Presiding Lenore L. Albert, Esq. SBN 210876 Law Offices of Lenore Albert 7755 Center Avenue, Suite #1100 Huntington Beach, CA 92647 Ph: 714-372-2264 Fx: 419-831-3376 Email: lenalbert@interactivecounsel.com Counsel for Plaintiffs  –   Appellants, Helen Galope On behalf of herself and all others similarly situated Case: 12-56892 08/14/2013 ID: 8743573 DktEntry: 39 Page: 1 of 38 (2 of 73)  ii TABLE OF CONTENTS I.   INTRODUCTION ......................................................................................1 II.   ARGUMENT..............................................................................................1 A.   Article III Standing ....................................................................................... 1 B.   Eight Key Pieces of Evidence Existed To Proceed with the Antitrust Claim ............................................................................................................ 2 1.   Mrs. Galope Purchased a LIBOR Loan Product from the Defendants Who Were Manipulating LIBOR Market Rates .......................................................................................3 2.   The Injury is Fairly Traceable To the Defendants ...................6 3.   The Defendants Profited Through the MBS Trust Which Used LIBOR for The Interest Rate and Cap SWAPS ..............7 4.   Mrs. Galope Had Standing as a Direct Purchaser Under Antitrust Law ..........................................................................8 a.   Rational Expectations Test ............................................9  b.   Consumer Expectations Test .........................................12 c.   Direct Injury Test ..........................................................13 5.   There was Evidence of a Contract, Combination or Conspiracy Between DBNTC and Barclays ............................15 C.   UCL Claims Were Not Released, The Alteration of the Modification Document by Defendants Extinguished the Contract ..................................16 i.   The Release is Void Against Public Policy .............................17 ii.   DBNTC was Personally Liable for Manipulation ....................19 iii.   The Injury-in-Fact Only Requires a Trifle ...............................19 iv.   Restitution is Allowed Under the UCL ...................................20 Case: 12-56892 08/14/2013 ID: 8743573 DktEntry: 39 Page: 2 of 38 (3 of 73)  iii v.   Fraudulent Business Practices Do Not Require FRCP 9(b) Pleading ..........................................................................21 vi.   Selling the Home During the Bankruptcy Stay Was a UCL Violation ........................................................................22 D.   Evidence Supported a Genuine Issue of Material Fact on the FAL Claim ..........................................................................................................24 E.   The Defendants Are Capable of Foreclosing Again in Violation of Mrs. Galope’s Federal Rights ......................................................................25 i.   Equity is Not Required for a Wrongful Foreclosure Claim ......................................................................................26 F.   The Land Records Support Reversal of Summary Judgment on the Good Faith and Fair Dealing Claim ............................................................26 III.   CONCLUSION ..........................................................................................27 IV.   STATEMENT OF RELATED CASES .......................................................28 V.   CERTIFICATE OF WORD COUNT..........................................................29 VI.   PROOF OF SERVICE ................................................................................30 Case: 12-56892 08/14/2013 ID: 8743573 DktEntry: 39 Page: 3 of 38 (4 of 73)
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