Jackson v. Wells Fargo Bank

Case # 12-cv-01262
Case Name Jackson v. Wells Fargo Bank
Jurisdiction US District Court for W.D. PA
Summary

Plaintiffs allege that Wells Fargo Bank improperly required homeowners who took out mortgages to carry flood insurance, even when their homes were not in flood-prone areas.  The flood insurance requirement was not disclosed to homeowners at the time they closed on their loan and was instead imposed after the fact.  The cost to the homeowners of disputing this requirement, as well as other unnecessary expense related to Wells Fargo's billing, was substantial.

Final Approval Date ongoing
Result
  1. Case is ongoing.
  2. Fairness Hearing was held on 03/05/2015.
Dismissal of Last Appeal N/A
Attachments Docket Report.pdf
First Amended Class Action Complaint.pdf
Preliminary Approval Order.pdf
Plaintiff's Motion for Final Approval.pdf
Defendant's Response to Objections.pdf
Fairness Hearing Transcript.pdf
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Objection of Wei Cyrus Hung

Objectors Wei Cyrus Hung
Signers Adam E. Schulman
Attorneys Adam E. Schulman
Summary
  1. Known class members should be compensated directly.
  2. Attorneys' fees are a disproportionate amount of the settlement fund and should be calculated based on actual recovery by the class.
  3. Class representative awards compromise their ability to represent the class.
Attachments Objection of Wei Cyrus Hung.pdf
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