Judge awards St. Louis Co. woman $17.8 million

4 years 9 months 1 week ago Thursday, October 01 2015 Oct 1, 2015 Thursday, October 01, 2015 3:25:19 PM CDT October 01, 2015 in News
By: The Associated Press

CLAYTON (AP) - A judge has ordered Wells Fargo to pay another $17.8 million to a suburban St. Louis woman who claimed the family trusts were mismanaged.

The ruling Wednesday by St. Louis County Circuit Judge Carolyn Whittington is in addition to $77 million in damages awarded in May to Barbara Burton Morriss of Olivette.

A Wells Fargo spokesman says the company disagrees with the verdict and is considering appeal options.

The St. Louis Post-Dispatch report that it wasn't a complete win for Morriss. The judge also ordered her to pay $5.9 million, ruling that she was partly at fault for losses.

Morris filed suit in 2012. It alleged that San Francisco-based Wells Fargo failed to fully disclose financial transactions in two family trusts that were drained of millions of dollars.

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