California Appeals Court Orders Judge To Reduce Fee Award In Lending Law Action

California Appeals Court Orders Judge To Reduce Fee Award In Lending Law Action

SANTA ANA, Calif. - A California judge was ordered by a state appeals court panel on June 13 to reduce a $738,316.09 award of attorney fees he handed down to plaintiffs who settled claims with Pacific Mercantile Bank over the lender's alleged violated of the Truth in Lending Act (TILA) 15 U.S.C.S. § 1601, after the panel found that while the plaintiffs were entitled to attorney fees, the judge failed to properly consider the degree of success the plaintiffs achieved (James LaLiberte, et al. v. Pacific Mercantile Bank, No. G045275, Calif. App., 4th Dist., Div. 3).

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