Plaintiffs in Utah File First Lawsuit Against Wells Fargo

UTAH (CNN) – The first lawsuit has been filed against Wells Fargo Friday.

Three plaintiffs in Utah are suing the bank for fraud, invasion of privacy and breach of contract.

This follows the recent news that the bank collected fees on millions of unauthorized accounts.

The fake accounts were used to inflate sales numbers.

Wells Fargo fired 5,300 employees as a response to the scandal.

It’s also agreed to pay $185 million in fines and refund $5 million more to customers.

But there may be more trouble ahead for the banking giant.

Both the Department of Justice and the U.S. House Financial Services committee say they’re launching investigations into the bank’s practices.

 

Source: www.ozarksfirst.com www.ozarksfirst.com

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