Attorneys at Law

Brett Weiss, P.C. and Chung & Press, P.C. file 1.5 Billion Dollar Class Action Against Norwest Mortgage, Inc. for Violations of Bankruptcy Code

Baltimore, Maryland: Brett Weiss and Daniel Press, Washington area attorneys, announced the filing of a national class action lawsuit against Norwest Mortgage, Inc. in the U.S. Bankruptcy Court for the District of Maryland, Baltimore Division. The suit alleges that Norwest has filed Proofs of Claim in at least 5,000 Chapter 13 cases across the country seeking interest on pre-petition arrearages at rates higher than those allowed by the underlying mortgages or applicable law. Chapter 13 Trustees administering cases where such proofs of claim were filed are also named as necessary parties.

The Complaint seeks a national objection to these Proofs of Claim, declaratory and injunctive relief, equitable subordination of Norwest's claims, and compensatory and punitive damages of 1.5 billion dollars.

A copy of the Complaint may be found at http://www.erols.com/lawyer/classaction.htm.

“Norwest’s actions target those least able to resist,” Press said. Weiss pointed out, “Debtors in bankruptcy are being forced to pay Norwest more than they should and, even worse, some have lost their homes as a result.” Noting that Norwest is the largest residential mortgage lender in the country, Weiss added, “They should know better.”


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