Shahriar Jabbari and Kaylee Heffelfinger, on behalf of themselves and all others similarly situated v. Wells Fargo & Company, Wells Fargo Bank, N.A.
Published: Sep. 22, 2017 | Result Date: Jul. 8, 2017 |Case number: 3:15-cv-02159-VC Settlement – $142,000,000
Judge
Court
USDC Northern District of California
Attorneys
Plaintiff
Derek W. Loeser
(Keller Rohrback LLP)
Gretchen Freeman Cappio
(Keller Rohrback LLP)
Daniel P. Mensher
(Keller Rohrback LLP)
Matthew J. Preusch
(Keller Rohrback LLP)
Khesraw (Kash) Karmand
(DLA Piper LLP (US))
Defendant
David H. Fry
(Munger, Tolles & Olson LLP)
Erin J. Cox
(Munger, Tolles & Olson LLP)
Facts
Shahriar Jabbari and Kaylee Heffelfinger filed a class action against Wells Fargo & Co. and Wells Fargo Bank NA, in connection with the opening of accounts without authorization.
Contentions
PLAINTIFFS' CONTENTIONS: Wells Fargo allegedly opened new customer accounts without authorization. Plaintiffs and others like them only discovered these unauthorized accounts after funds were being inexplicably withdrawn from their accounts and other anomalies. Plaintiffs claimed they were harmed by the unauthorized accounts, which dented their credit scores.
Plaintiffs asserted causes of action for violation of California's Unfair Competition Law, violation of the California Customer Records Act (Civil Code Section 1798.80, et seq.), and other causes of action.
DEFENDANTS' CONTENTIONS: Defendants denied the allegations.
Result
Wells Fargo agreed to settle for $142 million.
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