- Associated Press - Thursday, October 1, 2015

CLAYTON, Mo. (AP) - A judge has ordered Wells Fargo to pay another $17.8 million to a suburban St. Louis woman who claimed the family trusts were mismanaged.

The ruling Wednesday by St. Louis County Circuit Judge Carolyn Whittington is in addition to $77 million in damages awarded in May to Barbara Burton Morriss of Olivette.

A Wells Fargo spokesman says the company disagrees with the verdict and is considering appeal options.

The St. Louis Post-Dispatch (https://bit.ly/1jAObhN ) report that it wasn’t a complete win for Morriss. The judge also ordered her to pay $5.9 million, ruling that she was partly at fault for losses.

Morris filed suit in 2012. It alleged that San Francisco-based Wells Fargo failed to fully disclose financial transactions in two family trusts that were drained of millions of dollars.


Information from: St. Louis Post-Dispatch, https://www.stltoday.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide