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Martin & Jones Obtains $42.5 Million On Behalf Of North Carolina Consumers

After an eight-year fight against one of America’s largest banks that went to the North Carolina Supreme Court, Martin & Jones obtained a $42.5 million settlement on behalf of North Carolina consumers. In a landmark decision, the North Carolina Supreme Court held that an arbitration clause included in the mortgage contracts by the bank was unenforceable, and that clause was stricken from the contract. Our clients had been sold abusive insurance products with home loans. The settlement provided “treble damages” for many borrowers, who recovered on average in excess of $32,000 each. Martin & Jones received the “Defenders of Justice Award” by the North Carolina Justice Center for their work in this case.

(Cases or matters referenced do not represent the law firm’s entire record. Each case is unique and must be evaluated on its owns merits. The outcome of a particular case cannot be predicated upon a lawyer’s or a law firm’s past results. Unless otherwise specified, each of the following matters was contested on liability and/or damages, the opposing parties were represented, the matters involved complex legal and/or factual issues, and the law firm was successful in collecting the amounts stated. Case summaries are from 2000 through the present.)