Hagens Berman Joins Class-action Suit against Wells Fargo over Trial Period Plans

Wells Fargo (NYSE: WFC) is the target of a class-action suit claiming the banking giant illegally refused to grant permanent loan modifications it promised homeowners who successfully completed a trial mortgage modification under the tax-payer supported Homeowner Affordable Modification Program.

The suit, filed in the United States District Court for the Northern District of California, claims that Wells Fargo committed breaches of contract and violated California consumer protection laws by misrepresenting the terms of the HAMP trial period plans (TPP), designed to be a path toward a permanent mortgage modification.