By Professor Michaela White, Academy Editor & Advisor and Professor of Law at Creighton University School of Law
Judge Elizabeth W. Magner’s imposition of punitive damages of $3,1712,154 against Wells Fargo Bank was recently affirmed by the district court in Jones v. Wells Fargo Home Mortgage Inc. 2013 WL 1155248 (E.D. La. 1/19/13). The district court held that the bankruptcy court’s ruling was substantially supported by the record. Wells Fargo had initially agreed to a systematic audit of its accounting of home loan payments after misapplying Chapter 13 payments against undisclosed . . .
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