Law360, Los Angeles (November 12, 2015, 8:47 PM EST) -- A Texas state jury awarded nearly $5.4 million to a couple accusing Wells Fargo NA and others of “robosigning” documents that led to the wrongful foreclosure of their home, holding that the banking giant knew that documents supporting the foreclosure were fraudulent.After four days of trial and just four hours of deliberation, the jury on Tuesday found that there was “clear and convincing evidence” that Carrington Mortgage Services LLC and Wells Fargo, acting as Carrington’s trustee, knew that the supporting documents were a fraudulent claim on the property owned by Houston residents Mary Ellen and David Wolf.The jury, which... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
A court in Texas has said that Wells Fargo must pay nearly $5.4 million to a couple who have accused the bank and others of "robo-signing" documents that led to the wrongful disclosure of their home, alleging that Wells Fargo knew the documents supporting the foreclosure were fraudulent.