Monday, April 8, 2013

Federal Judge Upholds Bankruptcy Court's $3M+ Punitive Slam Against Bankster Over Willful, Egregious Misconduct, Exhibition Of Reckless Disregard For Automatic Stay

From the National Consumer Bankruptcy Rights Center blog:

  • Despite repeated bludgeoning by the courts for its conduct, Wells Fargo Home Mortgage, Inc., has tenaciously and relentlessly fought against accepting responsibility for misapplying mortgage payments and charging unapproved fees.

    Now the district court for the Eastern District of Louisiana, has upheld a punitive damages award of over $3 million against Wells Fargo.
For more, see $3 Million Punitive Damage Award Upheld against Wells Fargo.

For the ruling, see Jones v. Wells Fargo, No. 12-1362 (E.D. La. March 19, 2013).

Thanks to Deontos for the heads-up on the court ruling.

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