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Commonly Asked Questions


Why did I receive this notice?

Answer:

The Court has ordered that the Notice be sent to you because you may be a Class Member.

Class Members include all individuals who were employed as Home Mortgage Consultants, Mortgage Consultants and/or Private Mortgage Bankers in the state of Illinois between August 29, 2008 and March 26, 2011 excluding Loan Officers who opted-in to the Multi- District Litigation or MDL Action.

The purpose of the Notice is to inform you of your potential right to money under the Settlement; that the Court has certified a class action for the purposes of this Settlement and that if you do not request to be excluded from the Settlement, you will be bound by the terms of the Settlement and Release; of your right to file objections to the Settlement.

What are my rights as a Class Member?

Answer:

You may participate in the settlement. If you wish to participate, you must submit your Claim Form completed, signed and postmarked no later than November 10, 2015.

You may exclude yourself from the settlement. If you do not wish to participate, you must submit a written request for exclusion. Your request must be signed and postmarked no later than November 10, 2015.

If you do not like the settlement, you may object. If you wish to object, you must send a written objection to the Court with copies to the attorney’s listed on page 4 of the notice postmarked no later than November 10, 2015.

How can I file a claim?

Answer:

To get money from the Settlement, you must complete the Claim Form enclosed with the notice, sign it under penalty of perjury, date it, and mail it to the Settlement Administrator postmarked no later than November 10, 2015.

How can I request exclusion?

Answer:

To request exclusion you must send a signed letter which includes your name (and, if applicable, former name), address, and a statement that you are requesting to be excluded from the Settlement in Hoffman v. Wells Fargo. Your request must be mailed to the Settlement Administrator postmarked no later than November 10, 2015.

How can I object to the Settlement?

Answer:

You may object to the Settlement by filing your objection with the clerk of this Court and, mail copies to the attorney’s listed on Page 4 of your notice. All such objections must be signed and should contain your name, address, the name of the case, Hoffman v. Wells Fargo, must clearly explain why you object to the Settlement, must state whether you (or someone on your behalf) intend to appear at the Final Fairness Hearing and must be postmarked no later than November 10, 2015.

What if I do nothing?

Answer:

If you choose to do nothing, you will receive an Individual Payment in the amount of One Hundred Dollars ($100.00). You will be bound by the Release and all other terms of the Settlement.

How are payments calculated?

Answer:

All Qualified Class Members will receive a minimum payment of One Hundred Dollars and No Cents ($100.00) regardless of whether or not the Qualified Class Member files a Claim Form. After the minimum payment of $100.00, the Individual Payment will then be allocated to each Qualified Class Member. The Settlement Administrator will calculate each Qualified Class Member’s Points by multiplying the Qualified Class Member’s total months worked as a Loan Officer during the Class Period times the Qualified Class Member’s average monthly earnings as a Loan Officer during the Class Period. The Settlement Administrator then will calculate each Qualified Class Member’s Net Points Per Share by dividing the Net Settlement Amount by the combined Points for all Qualified Class Members. Each Qualified Class Member’s Individual Payment will be the Qualified Class Member’s Points multiplied by the Net Share Per Point.

When will I be paid?

Answer:

Your claim will be paid after final Court approval of this Settlement, and all rights to appeals or further appeals are exhausted.

Will the company retaliate against me for filing a claim?

Answer:

Federal law prohibits the Defendant from retaliating against employees who exercise their rights under the state and federal wage and hour laws.

Who is the Class Representative?

Answer:

The Class Representative is Dylan Hoffman.

What will the Class Representative receive?

Answer:

If the Court approves such payment, Five Thousand Dollars and No Cents ($5,000.00) will be paid out to the Class Representative.

Where/When is the Final Approval Hearing?

Answer:

The Court will hold a Fairness Hearing on December 4, 2015, at the United States District Court for the Northern District of Illinois.

Do I have to attend the Final Approval Hearing?

Answer:

It is not necessary for you to appear at the hearing, but you may attend if you want to, at your own expense.

May I speak at (or object at) the Final Approval Hearing?

Answer:

If you submit an objection, you may appear personally or through an attorney, at your own expense, at the Final Fairness Hearing to present your objection directly to the Court. Your objection should clearly explain why you object to the Settlement and must state whether you (or someone on your behalf) intend to appear at the Final Fairness Hearing.

How can I get more information?

Answer:

For more information visit the Settlement website www.WellsFargoMLOSettlement.com, or you can contact Class Counsel, whose contact information is listed in the Class Notice.

Disclaimer

Please do not contact either the Defendants or the Court about this Settlement. Any and all callers will be directed to this website. If you have questions, please refer to the Commonly Asked Questions page as well as and the other information posted here.

This site is not operated by the Plaintiffs or the Defendants. This class action settlement is supervised by the Court and is administered by a claims administration firm that handles all aspects of claims processing.

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