Gilmor-Wilmington Settlement

WRRSV is pleased to announce an $800,000 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No. 4:10-cv-00189-ODS.


Wilmington Trust Company (“Wilmington”) has agreed to pay $800,000  to settle the claims of 260 class members who obtained 148 loans that were purchased by, assigned or conveyed to, or otherwise owned and/or held by or serviced by Wilmington. 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 $660 to a high of $8,813, with an average of $2,830.  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:


Links to Other Pleadings, Orders, Reports, and Documents:


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