In a different lawsuit brought on behalf of North Carolina consumers, Martin & Jones settled a class action lawsuit against another of America’s largest banks in a case which also went to the North Carolina Supreme Court. The North Carolina Court of Appeals held that borrowers who were sold abusive insurance products with their mortgage loans were entitled to treble damages, meaning that their actual damages were tripled, because the conduct of the bank was an “unfair or deceptive trade practice.” Class members received awards which averaged over $31,500 each.
(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.)