In a deal announced on Tuesday, the San Francisco-based lender has agreed to pay out $110m to settle numerous class-action lawsuits across the United States. The lawsuits stem from revelations last year that Wells Fargo employees had opened up to 2 million unauthorised deposit and credit accounts in customers’ names in order to boost their own pay and, as alleged by some, fee income …
PayPal’s donation tools stiff some charities, new class action lawsuit alleges Anita Balakrishnan | @MsABalakrishnan When charitable accounts are not set up correctly, PayPal continues to accept donations on their behalf, the suit alleges. Instead of notifying donors and nonprofits of the error, PayPal takes the money after six months and redirects it to another charity “without regard to the …
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Yahoo! Inc. (YHOO) securities between November 12, 2013 and December 14, 2016. Click here to learn about the case: http://www.wongesq.com/pslra/yahoo-inc.
On Wednesday, the Western Washington District Court ruled that Microsoft’s lawsuit against the government will go forward. The lawsuit argues that the government’s gag-ordered searches of Microsoft accounts violates consumer’s constitutional first amendment right to free speech, and that the gag orders have no end date, preventing the tech giant from alerting its customers that their accounts …
JPMorgan Chase & Co. has been sued by a participant in its 401(k) plan for allegedly causing employees to pay millions of dollars in excessive fees through a scheme motivated by “self-interest.” The plaintiff claims JPMorgan, as well as various board and committee members with oversight of the $21 billion retirement plan , breached their fiduciary duties by, among other things, retaining …
A Yahoo shareholder launched a class action lawsuit this week accusing the ailing tech giant of lying about and “recklessly” failing to disclose cybersecurity problems and massive data breaches, thereby violating federal securities laws and costing shareholders “significant losses and damages.” Yahoo suffered two massive breaches in 2016 hitting 1.5 billion user accounts across both incidents. …
CHERRY HILL TWP. — A Connecticut woman is suing Cherry Hill-headquartered TD Bank over its allegedly “unlawful” overdraft fee that charges users who don’t replenish their bank accounts within 10 days. Per the class action lawsuit filed Jan. 4 on behalf of Shaina Dorsey by Marlton-based lawyer Stephen DeNittis, the sustained overdraft charge of $20 is imposed after an initial charge of $35 for …
Yahoo! Inc. allowed hackers to access personal and confidential information of its users and failed to warn consumers of a cybersecurity breach, a proposed class-action lawsuit claims. The suit followed within hours of Yahoo’s disclosure Wednesday that a second major security breach may have affected more than 1 billion user accounts.
Wells Fargo is facing multiple lawsuits from customers and employees over the long-running fake account fiasco that saw more than two million bogus, unauthorized accounts being opened in customers’ names. Even though lawmakers and consumer advocates have repeatedly asked the bank to not sidestep its liability by using an often-ignored clause in its customer agreement, lawyers for Wells Fargo …
The recent Wells Fargo scandal is yet another fine example of how trust in the financial sector is often misplaced. Although the bank has apologized – in public – for this incident, they are not honoring their victms’ legal claims so far. Opening unauthorized account in someone else’s name should be a clear-cut case for the US legal system, but that is not the case it seems.