$5 Million Settlement Against Wells Fargo Home Mortgage for Use of Improper Affidavits
Brannan v. Wells Fargo Home Mortgage, Inc. | United States District Court for the Southern District of Alabama 1:14-MC-00021-WS | United States Bankruptcy Court for the Southern District of Alabama AP NO. 04-01037
Firm partners Steve Olen and Steve Nicholas obtained a $5 million settlement against Wells Fargo Mortgage for the use of improper affidavits in bankruptcy courts. The affidavits were improper because the signature pages were executed separately from the other pages of the document, employees of Wells Fargo testified that they signed sworn affidavits without reading them and some affidavits contained incorrect or misleading titles and statements regarding the review process.
The court certified a class of affected debtors in the Southern District of Alabama, and a settlement class of all affected debtors in Alabama received final approval in November 2014.