June 08, 2020
A California federal judge on Saturday told the Ninth Circuit that a pair of "parasitic" objectors who were denied attorney fees in a $142 million deal between Wells Fargo and customers for whom unauthorized accounts were opened were a "hindrance" to the settlement approval process.
May 30, 2018
A California federal judge said Wednesday he'll approve a $142 million deal between Wells Fargo and a class of customers who say they suffered financial losses from unauthorized accounts opened in their names, telling objectors the "imperfect" deal was "the least-worst solution" to the fraudulent account scandal.
July 10, 2017
A California federal judge has preliminarily approved a revised deal for Wells Fargo & Co. to create a $142 million settlement fund to compensate a class of customers who allege they suffered financial losses from unauthorized accounts that were opened in their names.
May 25, 2017
A California federal judge on Wednesday declared that he will approve a $142 million settlement in a class action between Wells Fargo and the owners of 3.5 million unauthorized bank accounts that were surreptitiously opened in their names, saying that certain changes need to be made to the settlement first.
May 18, 2017
A California federal judge on Thursday said he would likely approve a $142 million settlement between Wells Fargo and the owners of 3.5 million unauthorized bank accounts that were surreptitiously opened in their names, but he heard arguments from intervenors who said their related cases were worth more and broader in scope.
May 12, 2017
Wells Fargo & Co. has increased the estimated number of unauthorized checking, savings and credit card accounts that its employees allegedly opened over the past 15 years to 3.5 million, according to a class action's court documents filed in California federal court Thursday.
May 05, 2017
Wells Fargo & Co.'s $142 million class action settlement with consumers affected by its unauthorized account scandal is facing a challenge from a separate group of plaintiffs with potential future claims who argued Thursday that they are shut out of the deal.
April 21, 2017
Wells Fargo & Co. on Friday announced that it expanded a class action settlement over allegedly fraudulent account generation to include claims stretching to May 2002 and bringing the total settlement amount to $142 million.
March 28, 2017
Wells Fargo & Co. has agreed to pay $110 million to resolve 12 putative class actions that allege bank workers opened unauthorized accounts in customers' names or enrolled them in the bank's services without their consent, the bank announced Tuesday.