9th Circuit Upholds Wells Fargo Customer Class In Settlement Of Account Scheme Suit

Mealey's (July 24, 2020, 8:17 AM EDT) -- SAN FRANCISCO — A class of banking customers approved as part of the settlement of claims that a banking giant's employees met sales quotas by opening multiple accounts in customers' names without consent satisfied precedent established in In re Hyundai & Kia Fuel Economy Litigation, a Ninth Circuit U.S. Court of Appeals panel ruled July 20 over objections to the settlement (Shahriar Jabbari, et al. v. Chad Michael Farmer v. Wells Fargo & Company, et al., No. 18-16213, Shahriar Jabbari, et al. v. Barbara Cochran v. Wells Fargo & Company, et al., No. 18-16223, Shahriar Jabbari, et al. v. Lydia LaBelle de Rios v. Wells Fargo & Company, et al., No. 18-16236, Shahriar Jabbari, et al. v. Mike Murphy v. Wells Fargo & Company, et al., No. 18-16284, Shahriar Jabbari, et al. v. Charles Darbyshire v. Wells Fargo & Company, et al., No. 18-16285, Shahriar Jabbari, et al. v. Jill Piazza v. Wells Fargo & Company, et al., No. 18-16315, Shahriar Jabbari, et al. v. Scott Johnston v. Wells Fargo & Company, et al., No. 18-16317, 9th Cir., 2020 U.S. App. LEXIS 22515)....