August 05, 2019
A California federal judge granted preliminary approval Monday of a $393.5 million settlement in multidistrict litigation accusing Wells Fargo and National General Insurance of adding unneeded auto insurance to car loan bills, but said he had concerns over the potential $36 million in borrowers' attorney fees the deal provides for.
June 07, 2019
Borrowers behind multidistrict litigation accusing Wells Fargo and National General Insurance of adding unneeded auto insurance to car loan bills are seeking approval of a settlement that would have the companies pay a combined total of at least $393.5 million.
June 20, 2018
Wells Fargo Bank NA and National General Insurance largely beat back multidistrict litigation alleging the pair conspired to force unnecessary insurance on borrowers’ car loans when a federal judge in California eliminated a slew of state and federal claims.
April 23, 2018
Borrowers accusing Wells Fargo and National General Insurance of adding unneeded auto insurance to car loan bills have told a California federal court that dismissal bids from the pair in the multidistrict litigation "border on frivolous" in the wake of last week's $1 billion fine for the bank.