On September 21, 2018, second distribution checks were issued to Eligible Recipients as approved by the Court. The distribution checks represent the pro rata share of at least $25.00 of the remaining Net Settlement Fund for Eligible Recipients who negotiated the check sent to them in the Initial Distribution.
Additional information regarding the distribution can be found in the Notice, the Plan of Allocation, and the Court’s Orders dated February 17, 2016, September 6, 2017, and August 24, 2018. The Plan of Allocation can be found on pages 4 and 5 of the Notice.
Please be advised that checks will be valid until mid-December 2018. Uncashed checks will be subject to re-distribution if not cashed before the stale date.
The lawsuit claims that Wells Fargo improperly ordered a property inspection whenever a borrower fell behind on mortgage payments by forty-five days or more, and then ordered subsequent inspections every twenty-five to thirty-five days for as long as the borrower remained delinquent. This proposed Settlement settles certain claims on behalf of all Persons who have or had a mortgage serviced by Wells Fargo and owe or paid a property inspection fee assessed during the period August 1, 2004 through December 31, 2013, inclusive.
Please consult the Notice for more details on your options.
Following the Settlement Fairness Hearing held on January 21, 2016, the District Court approved the Settlement, however multiple appeals have been filed. To date, the Eighth Circuit has decided some, but not all, of the appeals.