Investors sue Stern over $60 million

The company that paid David J. Stern $60 million in cash for his backroom foreclosure business in 2010 sued him Tuesday, claiming he knew about unlawful practices used to speed up cases, even encouraging contests between lawyers to see who could “jam” a foreclosure through the courts the fastest.

The lawsuit, filed in Broward County Court by DJSP Enterprises Inc. against David J. Stern and the Law Offices of David J. Stern, also alleges employees were given bonuses and “extravagant gifts for churning out the highest number of foreclosure cases in the least amount of time.”

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