Civil Litigation,
Banking
May 31, 2018
Wells Fargo to settle class action regarding fake accounts
A federal judge said he would approve the final settlement in a class action alleging Wells Fargo Bank NA employees offered redundant financial services and opened additional accounts in customers’ names without getting their approval beforehand.
SAN FRANCISCO — A federal judge said Wednesday he would approve the final settlement of at least $142 million in a class action alleging Wells Fargo Bank NA employees offered redundant financial services and opened additional accounts in customers’ names without getting their approval beforehand.
Plaintiffs’ attorney Derek W. Loeser of Keller Rohrback LLP requested his team get $21.3 million in fees, which he said was 15 percent of t...
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