Three named plaintiffs in the lawsuit — Selma Buycks-Roberson, Calvin Roberson and Renee Brooks –- each collected $20,000. But none of the 18 ordinary, or non-named, plaintiffs that The Daily Caller was able to reach for comment reported receiving any money. This is despite a claim to TheDC by the lawsuit’s initiator, attorney Fay Clayton, that the settlement paid the 186 non-named clients between $770 and $3,250 each. [RELATED: With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans]
According to the court docket, President Barack Obama was lead attorney for Roberson and Brooks, as well as the second listed attorney for Buycks-Roberson, in the lawsuit, which claimed that Citibank discriminated against African-Americans in its mortgage practices.
The settlement provided a payout for the lawyers, but only the equivalent of coupons to the 183 ordinary — non-named — African-American plaintiffs.
For example, according to the January 1998 settlement document, non-named plaintiffs who applied for a Citibank mortgage “within two years from the date of a Final Judgment approving the Settlement, satisfy the Lending Criteria, as described in Paragraph 33(K), at the time they re-apply, and are approved for a first mortgage loan by Citibank and accept the loan, are entitled to cash or credits against closing costs in an amount between $2500.00 and $3,250.00.” [RELATED: Obama’s Citibank plaintiffs hit hard when housing bubble burst]
The settlement document is titled FH-IL-0011-0008.
“We should have gotten some type of monetary reward from the lawsuit, which we didn’t,” said John Buchanan, one of the clients. “I don’t remember any money being offered since we were discriminated against,” Buchanan said. The bank “should have had to pay.”
Elwood Flowers said, “the attorneys got the fatter part.” All he remembered getting was “a 1.4 inch thick package of legal gibberish.”
Most clients said they didn’t see anything from the lawsuit.
Fellow plaintiff Juanita Malone told TheDC she did not get a payment or a loan from Citibank after the settlement.
Another, Patricia Dixon, said she “didn’t get anything” from the settlement.
Cary Cotten, wife of plaintiff Edward Cotton, said the couple “got nothing” from the lawsuit.