Gatens Green Weidenbach Announces Non-Profit Recipients of Cy Pres Award
Nearly $1 million awarded to four non-profit organizations in Washington State
Clay Gatens of Gatens Green Weidenbach announced the distribution of $835,300.40 to recipients of the Cy Pres awards resulting from the Class Action Settlement Rhodes v. Wells Fargo N.A. in which Mr. Gatens served as lead Plaintiff’s counsel.
On December 19, 2018 the US District Court of Eastern Washington granted final approval of the $26.3 million dollar class action settlement entered into between Plaintiff and Wells Fargo. The case was one of several Gatens pursued involving homeowners whose locks were changed by lenders and mortgage servicers prior to foreclosure, claiming the properties were abandoned.
Four non-profit organizations evenly split the nearly one million dollars in Cy Pres awards that remained undistributed to class members from the common fund settlement that Mr. Gatens achieved for class members in the case. The Cy Pres recipients are Northwest Justice Project, Chelan-Douglas County Volunteer Attorney Services, Rebuilding Together Seattle, and Housing Hope – Everett. Each organization received $208,825.10. The latter two organizations were designated by Wells Fargo under the terms of the settlement.
Recent Press:
Much-Needed Funding Arrives for Local Nonprofit Offering Legal Services, KOHO 101
Nonprofits receive funds left from homeowner lock-out settlement, Wenatchee World
Press Release, PR Newswire
For more information, please contact us.