Jabbari et al v. Wells Fargo & Company et al
May 13, 2015OUTCOME: On July, 8, 2017, Judge Chhabria, of the United States District Court for the Northern District of California, granted preliminary approval to a nationwide $142 million settlement regarding unauthorized Wells Fargo accounts.
On May 13, 2015, Keller Rohrback L.L.P. filed a class action lawsuit against Wells Fargo (NYSE: WFC) alleging the bank victimized its customers by using illegal, fraudulent, and deceptive tactics to bo ... ost sales of its banking and financial products. The complaint, filed on behalf of a California consumer and other Wells Fargo customers nationwide, included detailed allegations about Wells Fargo’s “gaming” of customers, including inside information from a current Wells Fargo employee who saw bank employees open unauthorized accounts on a “nearly daily basis.”
