Friday, June 1, 2018

U.S. district judge approves $142M settlement in Wells Fargo fake accounts scandal

U.S. District Judge Vince Chhabria agreed Wednesday to give final approval on a $142 million class-action settlement in response to Wells Fargo & Co.’s fake accounts scandal. The years-long lawsuit, which began with a complaint originally filed May 13, 2015, played out in California’s Northern District Court in San Francisco. The settlement will be divided among claimants who had accounts created without their consent as bank employees sought to meet sales quotas. Wells Fargo says the unauthorized…



from https://www.bizjournals.com/baltimore/news/2018/06/01/us-district-judge-approves-142m-settlement-in.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/174472449282

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