Victory For Elderly Homeowners in Lawsuit Alleging Financial Elder Abuse Against Lender
Attorney Audrey Powers Thornton, a partner at Thornton Koller, has successfully litigated a financial elder abuse action against a national bank, on behalf of Thornton Koller’s two elderly clients who are in their eighties. The elderly homeowners had suffered ongoing financial elder abuse as defined by the Welfare & Institutions Code §§15610.30 and 15610.70, committed by a series of lenders concerning the mortgage on the homeowners’ residence.
Ms. Thornton documented and argued to the court that the bank had committed acts of financial exploitation of her elderly clients, who had been unduly influenced and tricked with false representations into signing a contract with the lender. Attorney Thornton persuasively argued to the court that the lender had misrepresented and intentionally concealed from the elderly homeowners that the new loan contract was not what they thought it was, and would harm them, all to the advantage of the lender. Attorney Thornton achieved an offer for a full settlement of all her clients’ claims from the lender and Thornton Koller’s elderly clients are now living peacefully in their home of fifty years.
