Wells Fargo sales lawsuit News

Wells Fargo C-Suite Must Face Shareholder Lawsuit Over Fake Accounts: Judge

A federal judge said current and former Wells Fargo & Co. officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the …

Wells Fargo Account Scandal Included Small Businesses, Says Senator

The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank’s issues with unauthorized accounts. In a Sept. 29 letter viewed by …

California Wells Fargo Ex-Employees File $2.6B Class Action Against Bank

Two former Wells Fargo & Co. employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or …

Mandatory Arbitration Clause Could Thwart Wells Fargo Customers’ Lawsuits

Wells Fargo & Co. customers aiming to sue the bank over bogus accounts opened in their names may be in for an unpleasant surprise: the fine print requires them to take their claims to an arbitrator instead of a court. …

First Lawsuit Over Wells Fargo Sales Practices Filed

Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued the bank Friday in federal …