What is This Settlement About?

Wedgewood, LLC ("Wedgewood") purchases homes at foreclosure auctions across California for the purpose of refurbishing and selling them. Although Wedgewood may have the right to evict lawful tenants from the properties that it purchases, they are alleged to have engaged in a variety of unlawful tactics while doing so, including depriving lawful tenants of their right to continue living on the property under state and federal law.

What Does the Settlement Provide?

According to the terms of the judgment ordered by the Court as part of the settlement, Wedgewood will substantially reform its business model to ensure that future tenants are afforded full rights and protections under federal, state, and local laws. This includes being required to make a good faith determination as to any current occupants’ tenancy status and whether the foreclosed property falls within the jurisdiction of a “just cause” ordinance; providing written notice to all known tenants of its determination; documenting all "Cash for Keys" negotiations and complying with state and local laws regulating these Cash for Keys agreements by providing minimum relocation compensation, among other requirements. Wedgewood must also pay $2.75 million in restitution for unlawfully evicted tenants; $250,000 in civil penalties; and $500.000 to support programs and related activities that benefit California tenants and help combat homelessness in California.

What Am I Entitled to From This Judgment?

If you received a Notice in the mail, you have been identified as a potentially affected party and could be entitled to compensation. To be able to receive your payment, you must contact the Administrator as directed in the Notice. If you are not sure about your status, or would like additional information, please contact the Administrator by phone at 1-(855) 208-4126 or by email at info@CaliforniaWedgewoodSettlement.com.