Wells Fargo Gets Mortgage Kickbacks Action Pared Down

Law360, Washington (April 29, 2013, 1:44 PM EDT) -- A Maryland federal judge on Friday decertified one class of plaintiffs and limited another accusing Wells Fargo Bank NA and others of running a front organization concerning real estate settlement services, but determined that the remainder of the kickbacks case should move on.

U.S. District Judge William M. Nickerson issued a split decision on Wells Fargo's motion to decertify the classes, saying the tolling class had proven to be unmanageable and the so-called timely class was overbroad and needed to be shrunk down from the more...
To view the full article, register now.