Judge Dismisses UCL Class Claim Against Wells Fargo As Time-Barred

Mealey's (February 12, 2019, 1:27 PM EST) -- OAKLAND, Calif. — A California federal judge on Feb. 8 granted a bank’s motion to dismiss a jewelry distribution company’s class action for violation of California’s unfair competition law (UCL) in relation to an alleged illegal financing scheme operated by the bank, holding that the claim was barred by a four-year statute of limitations (J. Edwards Jewelry Distributing, LLC v. Wells Fargo & Company, et al., No. 18-cv-03886, N.D. Calif., 2019 U.S. Dist. LEXIS 21144)....