U.S. Supreme Court rejects singer Rundgren's Chase suit appeal

Mon Mar 23, 2015 12:03pm EDT
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By Dena Aubin

(Reuters) - The U.S. Supreme Court on Monday declined to revive a lawsuit by singer-songwriter Todd Rundgren and his wife Michele accusing JPMorgan Chase of wrongfully attempting to foreclose on the couple's Kilauea, Hawaii home.

The court's rejection of the couple's appeal lets stand a lower court's dismissal of their claims for damages and an order to stop a foreclosure sale.

The Rundgrens' lawyer, Gary Dubin, said the couple are still in their home and have other defenses to fight the foreclosure.

"This is just the beginning," Dubin said by email.

JPMorgan spokesman Jason Lobo declined comment.

Rundgren, set to begin a U.S. tour in April, is best known for such 1970s hits as "Hello It's Me" and "I Saw the Light."

The Rundgrens' dispute stems from a $3 million refinancing loan the couple arranged with Washington Mutual Bank several months before the bank failed in 2008. Chase bought that bank's assets, including the Rundgrens' loan, out of receivership in 2008.

In court filings, Chase said it started foreclosure proceedings in 2009 after the Rundgrens defaulted on their $17,060 monthly mortgage payments.   Continued...

Musician Todd Rundgren performs with Ringo Starr and his All-Starr Band during a media event promoting the band's upcoming tour of South America, at a rehearsal hall in Hollywood October 23, 2013.  REUTERS/Fred Prouser