Civil Litigation,
Government
Dec. 31, 2018
Wells Fargo to pay $575M to settle fraud lawsuit by state attorneys general
California will receive $148.7 million from Wells Fargo & Co. over fraudulent accounts claims, according to a settlement approved Friday by a Los Angeles County judge.
California will receive $148.7 million from Wells Fargo & Co. over fraudulent accounts claims, according to a settlement approved Friday by a Los Angeles County judge.
The money is part of a $575 million nationwide settlement. The company also agreed to create a website and take other steps to aid customers wronged by the company.
According to a Wells Fargo press release, the money will "resol...
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