Litigation
May 21, 2011
Judge Okays $50 Million Wells Fargo Deal
A federal judge has approved $25 million in attorneys fees for the lawyers who represented plaintifs against World Savings Bank over so-called pick-a-payment home loans.
Daily Journal Staff Writer
Attorneys representing hundreds of thousands of homeowners who claimed they were deceived by gimmicky home loans offered by World Savings Bank will receive $25 million in fees as part of a class settlement.
On Tuesday, U.S. District Judge Jeremy D. Fogel granted final approval to a $50 million deal resolving a class action against Wachovia Corp., which merged with World Savings and is now part of We...
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