Wells Fargo Class Wants $203M Overdraft Award Revived

Law360, San Francisco (May 2, 2013, 5:57 PM EDT) -- A class of Wells Fargo Bank NA customers urged a California federal judge Thursday to reinstate his $203 million judgment against the bank for processing debits in a manner that maximized overdraft fees, four months after the Ninth Circuit reversed the award and remanded the case.

Although the appeals court's December ruling found that the National Bank Act prevents the use of California's unfair competition law to dictate the order in which banks process customer transactions, it also found that Wells Fargo can be held liable...
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