New court filings claim Wells Fargo employees were instructed to “round up” immigrants in the country illegally, bring them into a branch office, and convince them into opening bank accounts, new. A series of sworn statements filed detail the latest allegations of the embattled bank’s account-sales scandal. Wells Fargo employees from multiple states said they were ordered to target undocumented …
Wells Fargo employees were ordered to “round up” undocumented immigrants and other workers and then herd them into branches so residents could be coaxed into opening checking accounts, court papers filed Wednesday claimed. Related Articles These accusations are the latest anecdotes to paint a picture of high-pressure sales tactics at Wells Fargo that ultimately led to a scandal …
Pomerantz LLP announces that a class action lawsuit has been filed against Citizens Financial Group, Inc. (“Citizens” or the “Company”) (NYSE:CFG) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, is on behalf of a class consisting of …
A New Jersey woman has sued Wells Fargo Bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren’t in customers’ best interest. Melinda Bini filed a lawsuit in state court in New Jersey on April 5 against the bank and three supervisors from the branch she worked at in Highland Park, NJ.com reported. In the lawsuit, Bini accused her superiors of running …
BofI Holding, Inc. operates as the holding company for Bank of Internet USA. The Bank provides consumer and business banking products in the United States. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies.
Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against The Toronto-Dominion Bank (“TD” or the “Company”) (NYSE:TD). Investors who purchased or otherwise acquired TD shares between December 3, 2015 and March 9, 2017, inclusive (the “Class Period”), are encouraged to contact the …
A Chicago federal judge has declined to let Wells Fargo off the hook of a junk fax class action lawsuit against the bank and one of its member services credit card processer, saying, even if Wells Fargo had no knowledge of the credit payment company’s decision to send a fax bearing its name, the bank’s name on the fax and business connection to its partner means it could share liability for the …
Unionized workers and other individual and institutional investors a $165 million all-cash settlement on Wednesday in connection with losses from securities issued by, NovaStar Mortgage Inc, The Royal Bank of Scotland (RBS), Wells Fargo, and Deutsche Bank. This settlement will end the nine-year class action lawsuit if approved by the U.S. District Court. The class action lawsuit settled on …
Investors have agreed to settle a nine-year class-action lawsuit against Kansas City-based NovaStar Mortgage Inc. and three Wall Street banks over investment losses tied to subprime mortgages. The settlement calls for a $165 million cash payment from NovaStar Mortgage, Royal Bank of Scotland, Wells Fargo and Deutsche Bank, according to a statement from the investors’ attorneys. All four had …
A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc. The settlement with Deutsche Bank, NovaStar, Royal Bank of Scotland and Wells Fargo is pending approval by the U.S. District Court in the Southern District …