Wells Fargo Beats Merchant Class Action Over Hidden Fees

Law360, New York (February 24, 2014, 6:00 PM EST) -- A New York federal judge refused Saturday to certify a class of merchants accusing Wells Fargo Bank NA and First Data Merchant Services Corp. of charging them unauthorized transaction fees, ruling the merchants don’t meet the requirements for certification and dismissing the suit.

U.S. District Judge Arthur D. Spatt denied lead plaintiff Spread Enterprises Inc.’s motion for class certification, finding that it has not established that enough merchants were affected or that they entered into similar merchant processing agreements with Wells Fargo and First Data. The...
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