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Shahriar Jabbari, et al v. Wells Fargo & Company, et al
Case Number:
18-16213
Court:
Nature of Suit:
Companies
Sectors & Industries:
-
July 20, 2020
9th Circ. Upholds $142M Wells Fargo Fraud Deal
The Ninth Circuit on Monday upheld a $142 million settlement between Wells Fargo and a class of customers who were charged fees related to unauthorized accounts opened in their names, ruling the lower court did not err in finding the amount reasonable and that the class met all predominance requirements.
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February 13, 2020
Objectors Blast Wells Fargo's 'Tiny' $142M Fraud Deal
A group of objectors urged the Ninth Circuit on Thursday to reject Wells Fargo's $142 million deal resolving class claims alleging the bank opened 3.5 million unauthorized accounts, arguing that the $21 million attorney fee award is too high and the case settled for a "tiny percentage" of the potential damages.