Nationstar Inks $6.5M Deal Over Secretly Taping Customers

Law360 (January 14, 2019, 4:58 PM EST) -- Nationstar Mortgage reached a $6.5 million proposed settlement Friday with a class of California customers who claim their calls with the loan company were recorded without their knowledge or permission, violating state law, according to a joint motion filed in California federal court.

The proposed settlement, which will need final approval from a judge, puts $6.5 million in a fund, $10,000 of which will be given to each of the named plaintiffs — Alfred and Jessy Zaklit — as a service award and class counsel will receive 33 percent, or about $2.1 million, in fees.

"While plaintiffs are confident of a...

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