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In Re Wells Fargo Cash Sweep Litigation
Case Number:
3:24-cv-04616
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Berger Montague
- Bernstein Litowitz
- Edelsberg Law
- Gibbs Mura
- Kopelowitz Ostrow
- Robbins Geller
- Simmons Hanly
- Spector Roseman
- White & Case
- Williams Dirks
Companies
Sectors & Industries:
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April 28, 2025
Wells Fargo Tells Judge Cash Sweep 'Conflict' Was Disclosed
Wells Fargo said it should be allowed to escape customers' proposed class action alleging the bank's cash sweep investment program disproportionately benefits the bank, arguing it disclosed in its signed agreements with customers the bank's intentions to secure financial gains for itself through the program.
-
July 31, 2024
Wells Fargo Hit With Suit Over Cash Sweep Program
Wells Fargo was hit with a proposed class action by a customer claiming the bank's cash sweep investment program only allows users to sweep their cash into Wells Fargo-selected accounts, a practice the suit says has drawn regulatory scrutiny because it disproportionately benefits the bank.