Settlement

Settlement Approved: Wells Fargo Customers Will Get $50 Million for Overcharged Mortgage Fees

Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period. The settlement, which was initially announced in October, stems from a class action lawsuit against Wells Fargo that claimed that the bank …




Nearly 2,000 Victims Only Awarded $1,500 Each in Diluted Chemo Scandal: ‘I’m in Pieces About It’

A Superior Court judge has approved a $2.375-million class-action settlement for the 1,194 victims of the diluted chemotherapy drug scandal, dashing the hopes of some patients who objected that their $1,500 share is a slap in the face. “I’m in pieces about it,” said Louise Martens, a Windsor woman who was one of the most vocal opponents of the proposed settlement. She was one of a dozen people …


The Rise and Fall of the Franchise Class Action

The recent settlement in the Zwaniga v Johnvince Foods class action concludes yet another of the dwindling number of franchise class actions before the Canadian courts, highlighting the risks of class actions in general and franchise class actions in particular. The case In 2011, the plaintiffs, the Zwanigas, commenced a proposed class action against Revolution Food Technologies, a vending …


A Rare Class-Action Victory Over Wells Fargo’s Fake Accounts Proves Binding Arbitration Sucks

Wells Fargo got caught ripping off millions of customers by setting up fake accounts in their names, then billing them for “services” related to those accounts, sometimes tanking their credit-ratings, costing them jobs, even their houses — but the company says you’re not allowed to sue them because their employees fraudulently signed your name to a “binding arbitration” agreement that forces …


U.S. Judge to Consider Objection to Trump University Settlement

A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student objecting to the deal. Sherri Simpson of Fort Lauderdale, Florida, who paid $19,000 to learn Trump’s investing …


Wells Fargo Agrees to $110m Class Action Settlement After Fake Account Fallout

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 …


Class Action Settlement Over PayPal Account Closures Finally Finds Resolution

No one ever accused the litigation process of being overly expeditious, but a $4 million settlement approved by U.S. District Judge Saundra Brown Armstrong will finally put an end to a class action lawsuit that has spanned nearly seven years. The original suit was filed by lead plaintiff Moises Zepeda, who sued PayPal in 2010 for allegedly closing his account and pocketing the money and …


Flint Leaders Mum After Settlement in Home Water Delivery Lawsuit

A settlement has been reached in a lawsuit over the potential of at-home water delivery in Flint. But leaders at a special city council meeting weren’t offering any details on what the settlement will ultimately mean for residents. City council members voted 8-0 March 23 to accept a settlement after U.S. District Judge David M. Lawson in December 2016 appointed Paul Monicatti a …