Judge awards St. Louis Co. woman $17.8 million

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CLAYTON, Mo. (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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Information from: St. Louis Post-Dispatch, http://www.stltoday.com

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