August 05, 2014
The Fourth Circuit on Tuesday handed victory to Wells Fargo & Co. and its fellow defendants in a class action that alleged the bank worked in tandem with a real estate company to create a sham mortgage company that paid kickbacks to the agents for referring borrowers.
August 28, 2013
A Maryland federal judge on Wednesday refused to grant a new trial to plaintiffs in a class action accusing Wells Fargo Bank NA of a mortgage referral kickback scheme, saying they had engaged in “gamesmanship” by claiming he incorrectly instructed the jury.
June 07, 2013
A Maryland federal jury on Friday let Wells Fargo Bank NA and off the hook in a class action claiming it created a front organization funneling mortgage referrals from Long & Foster Real Estate Inc. to Wells Fargo in exchange for kickbacks.
April 29, 2013
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.
February 15, 2013
A Maryland federal judge on Thursday dismissed conspiracy claims against Wells Fargo Bank NA and other defendants in a pair of class actions claiming they created a front organization to funnel mortgage referrals to the bank in exchange for kickbacks, saying the claims were barred by law.
October 16, 2012
A Maryland federal judge on Friday ordered Wells Fargo Bank NA to bear the costs of producing documents in two class actions claiming it, Prosperity Mortgage Co. and others created a front organization to circumvent consumer protection legislation and gain kickbacks from loans.
January 05, 2012
A Maryland federal judge on Thursday certified a "tolling class" of plaintiffs accusing Wells Fargo Bank NA, Prosperity Mortgage Co. and others of running a front organization formed to circumvent consumer protection legislation designed to prevent market-distorting business practices within the real estate settlement services industry.