Mudge considering motion to certify Netco class action

Ann Maher Mar. 6, 2012, 9:00am


Madison County Circuit Judge William Mudge has taken under advisement a motion to certify a class action against Netco over mortgage-related fees.

Mudge had ordered parties to submit proposed orders by Feb. 10, however there are no such entries on the docket.

Lead plaintiffs Kerry and Sheila Tormino are suing on behalf of borrowers who were allegedly charged higher amounts than necessary for mortgage recording fees and courier services.

They claim the defendant charged them $70 to record a mortgage, for example, when it cost the company $26 to do so.

Several similar class action suits were filed between 2003 and 2005 in Madison County over fees charged in real estate transactions.

The Torminos, who filed suit in 2004, allege Netco is guilty of violations of the state's consumer fraud statute, breach of contract and other claims.

They are represented by attorney PhillipA. Bock of Chicago.

Netco is represented by Edward Bott of the Greensfelder firm in St. Louis.

In Mudge's Jan. 27 order, he set a status conference for 9 a.m. on April 25.

Madison County case number 04-L-238

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