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Violation Tracker Individual Record

Company: Wells Fargo & Co.
Current Parent Company: Wells Fargo
Penalty: $142,000,000
Year: 2018
Date: June 14, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: banking violation
Mega-Scandal: Bogus Bank Accounts
Violation Description: Wells Fargo agreed to pay over $140 million to settle litigation brought by customers in whose name bank employees created unauthorized fee-generating accounts.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:15cv2159
Case Name: Jabbari et al v. Wells Fargo & Company et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.