Baker-PPB Settlement

March 26, 2015

WBSV is pleased to announce a $1,700,000.00 class action settlement in Baker, et al. v. Century Financial Group, Inc., et al., Case No. CV100-4294 CC.  Pacific Premier Bank (originally Life Bank) has agreed to pay $1,700,000.00 to settle the claims of 24 class members who obtained 15 second mortgage loans from Century Financial Group on or after June 28, 1994. Life Bank subsequently purchased and/or was assigned these 15 loans after they were made by Century Financial Group.  Class Members who do not opt out of the Settlement will be entitled to a substantial settlement payment under the Settlement. The estimated settlement payments range from a low of $9,276.65 to a high of $168,371.94, with an average of $61,949.50 per loan.


Class Members can see what we currently estimate the amount of their settlement payment to be by accessing the Proposed Distribution Schedule. To access the Proposed Distribution Schedule for your settlement benefit, click here.


Links to Settlement Documents

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