Navajo Nation Ends Appeal Of Wells Fargo Fake Accounts Suit

Law360 (August 20, 2019, 2:00 PM EDT) -- The Navajo Nation has reached a $6.5 million settlement with Wells Fargo, ending the Tenth Circuit appeal that sought to revive claims the bank systematically targeted tribe members as part of a campaign involving opening fraudulent bank accounts in their names or pressuring them to open unnecessary accounts.

The stipulation filed Monday did not offer any details on the agreement, but John C. Hueston​, counsel for the Navajo Nation, told Law360 on Tuesday that the dismissal of the appeal with prejudice is part of the settlement. He said $6.5 million is "an amount which appropriately represents more for the Navajo Nation than any...

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