Monday, August 12, 2013

Quicken Loans Refuses To Cough Up Cash In Multi-Million $ Award In Favor Of Screwed-Over Homeowner/Borrower; Opts To File Another Appeal With West Virginia Supremes; Case Exemplifies Importance Of Contingent Fee System That Allows Clients To Afford Representation As Litigation Proceeds: Homeowner's Lawyer

In Wheeling, West Virginia, The West Virginia Record reports:

  • A judgment in a fraud lawsuit against Quicken Loans has only gotten bigger since an appeal to the state Supreme Court, so the company is heading back.

    On July 17, Quicken Loans filed a notice of appeal to the state Supreme Court of a decision in Lourie Jefferson’s lawsuit against it that awarded her $3.5 million in punitive damages and more than $875,000 to attorneys at Bordas & Bordas in Wheeling.

    In November, the Supreme Court found the company committed fraud and violated various provisions of the West Virginia Consumer Credit and Protection Act in a mortgage loan, but sent the case back to Ohio County Circuit Court to adjust an approximately $2.8 million award.

    On June 18, Ohio Circuit Judge David J. Sims, who took over the case from Arthur Recht, awarded Jefferson even more.
  • [Jefferson's attorney Jim] Bordas said the case is an example of the importance of the contingent fee system that has allowed Jefferson and her daughter to afford representation in the case as it proceeds.

    “After a while, enough’s enough,” he said. “I wonder if the Supreme Court is gonna say the same thing.”

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