WEEKS & LAIRD PLLC

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News 

August 16, 2007 — Jury Awards $1.16 Million to Plaintiff Represented by Weeks & Laird Law Firm

The law firm of WEEKS & LAIRD PLLC recently represented a plaintiff in a two-week jury trial against Ameriquest Mortgage Company for fraudulent practices related to homeowners' re-financing. The re-financing resulted in the loss of the homeowners' home at foreclosure. Founding partner Stephen M. Weeks was lead attorney in the case, in which the jury awarded a verdict totaling $1.16 million to the homeowners, including $1 million in punitive damages to the homeowners.

November 2, 2007 — Court Denies Ameriquest's Motion for New Trial 

The trial court ruled that reasonable jury could find:

• Ameriquest held "fake" loan closing to deter borrower from contacting other lenders.
• Ameriquest harmed borrowers with hidden pre-payment penalties.
• Ameriquest concealed terms of loans from customers which would result in loss of borrower's home.
• Ameriquest's concealment of negative information from borrowers was part of a business model conceived and executed at the very top echelons of Ameriquest.

In upholding the jury's award of punitive damages against Ameriquest, the court specifically found that "reprehensible seems a mild label to put on defendant Ameriquest Mortgage Company's misconduct."

Link to court's ruling.

WEEKS & LAIRD PLLC
2223 E. Speedway Boulevard
Tucson, AZ 85719

Telephone: 520-318-1209 | Fax: 520-327-3118
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The law firm of WEEKS & LAIRD PLLC, serves Arizona and the Western United States, including Tucson, Phoenix, Casa Grande, Benson, Sierra Vista, and other municipalities, as well as the counties of Pima, Maricopa, Cochise and Pinal.