Biasv Wells Fargo
- Obtain more details about Bias v. Wells Fargo & Company
- This class action lawsuit revolves around claims that Wells Fargo violated bank violated federal law by charging homeowners more than the amount Wells Fargo paid for Broker’s Price Opinions (BPOs) and by improperly concealing the “marked-up” charges
- Wells Fargo has denied any actions of wrong doing but have agreed to settle in order to avoid a long costly trial
The Biasv Wells Fargo class action lawsuit is pending in the U.S. District Court for the Northern District of California and is listed as case number 4:12-cv-00664-YGR. Class members in the Biasv Wells Fargo case are defined as anyone who had a residential loan from Wells Fargo between the dates of May 6, 2005 and July 1, 2010, and paid Wells Fargo for one or more BPOs. Class members contend that the BPO fees were sometimes inflated by as much as 300%. Class members who do not agree with the terms of the settlement can exclude themselves before 3/9/17.
Biasv Wells Fargo Notes
- Experts familiar with the lawsuit predict each class member will receive around $113.96
- A fairness hearing will be held on 4/4/17 to discuss if the terms of the settlement are fair and reasonable
- Class members will automatically be represented by the law firms of BARON & BUDD PC, COSSICH SUMICH PARSIOLA & TAYLOR LLC, and KINGSMILL RIESS LLC
- All class members will receive a notice in the mail
- Those who believe they are a class member but did not receive a notice should contact the settlement administrator ASAP (please see contact information below)
Any questions in regards to the Biasv Wells Fargo class action lawsuit can be directed to the Claims Administrator at 866-422-0150 or via US mail: P.O. Box 2876 Portland, OR 97208-2876. Well Fargo has hired Rebecca S. Saelao and Mark D. Lonergan to represent them in court.