Banking
Sep. 28, 2016
Ex-Wells Fargo employees sue over not participating in alleged fraud
The latest suit against Wells Fargo & Co. claims employees who didn't break the law and open up unauthorized customer accounts were fired or demoted.
Daily Journal Staff Writer
Wells Fargo & Co. employees who claimed they were fired or demoted because they didn't engage in an alleged fraudulent scheme to open unauthorized customer accounts have filed a class action seeking $2.6 billion in punitive damages, according to the lawsuit filed in state court.
The latest suit paints the banking giant as instituting a systemic operation from the top that pressured low-l...
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