Judge Denies New Trial Over Alleged Settlement Services Scheme

BALTIMORE - A federal judge in Maryland on Aug. 28 denied a request for a new trial from a class claiming that Wells Fargo Bank N.A. and its co-defendants engaged in a scheme to kick back referral fees for settlement services in violation of the Section 8(c) of the Real Estate Settlement Procedures Act (RESPA), finding that the plaintiffs should have acted sooner after a statement made by defense counsel during closing arguments (Denise Minter, et al. v. Wells Fargo Bank, N.A., et al., No. WMN-07-3442, D. Md.).

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