• Recent New Jersey Putative Class Action Names Wells Fargo and its Foreclosure Firm in Connection with New Jersey and Pennsylvania Foreclosures
  • December 2, 2011 | Authors: Ryan L. DiClemente; Francis X. Riley
  • Law Firm: Saul Ewing LLP - Princeton Office
  • A putative class action was recently filed in the United States District Court for the District of New Jersey against Wells Fargo Bank, N.A. (“Wells Fargo”), its foreclosure firm, Phelan Hallinan & Schmeig LLP, some of its individual partners and attorneys, and Phelan’s allegedly related companies that provide foreclosure and mortgage services (collectively, “Phelan”). While putative class actions alleging misconduct against a lender in connection with foreclosures are nothing new, the allegations against the foreclosure firm that was retained by the lender ad an additional layer of potential liability for financial service companies and their service providers.