Class Counsel Motions Sealed As $185M Settlement Mulled In Mortgage Suits

(April 29, 2024, 3:33 PM EDT) -- COLUMBUS, Ohio — A federal magistrate judge in Ohio directed that two motions for appointment of class counsel filed in related suits accusing Wells Fargo Bank N.A. and Wells Fargo and Co. (together, Wells Fargo) of violating state and federal law by engaging in a scheme to place borrowers into a forbearance program during the COVID-19 pandemic be temporarily sealed pending resolution of the motions to seal; the order came just over a week after the plaintiffs in both cases filed a joint motion for preliminary approval of a $185 million settlement....