2nd Circ. Denies Wells Fargo A Slice Of $3B Card Deal

Law360, New York (October 7, 2010, 2:47 PM EDT) -- A federal appeals court has upheld a lower court's decision to bar a unit of Wells Fargo & Co. from taking home any part of a $3 billion settlement in a class action over alleged debit card tying, finding that the retail lender took too long to file a claim.

A three-judge panel in the U.S. Court of Appeals for the Second Circuit on Wednesday shot down Wells Fargo Retail Finance II LLC's attempt to tap into the settlement fund, affirming the lower court's decision that...
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