December 20th, 2007
Shepherd, Finkelman, Miller & Shah, LLC ("SFMS") announces that on December 17, 2007, the Circuit Court for Milwaukee County, Wisconsin, the Honorable Jean W. DiMotto presiding, approved a settlement on behalf of individuals and entities who were charged certain fees at settlement in connection with real estate transactions in Wisconsin. Specifically, the Class involved in the settlement consists of all persons or entities, who from April 20, 2000 to September 19, 2007, were charged fees in connection with real estate transactions in Wisconsin by Land Title Services, Inc. or its agents ("Land Title") for recording releases of mortgages and for whom Land Title or its agents did not record the release. Plaintiffs alleged that Land Title did not perform the service associated with the fees.
Under the terms of the settlement, SFMS was able to achieve a full refund of fees for Class members in situations where certain fees were collected by Land Title, but no service associated with the particular fees was performed. In addition, Land Title has agreed to modify its practice with respect to the imposition, collection and disposition of the fees at issue.