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Litigation

Dec. 28, 2012

Plaintiffs have another shot after 9th Circuit tosses out $203 million award against Wells Fargo

A 9th U.S. Circuit Court of Appeals panel tossed out a San Francisco judge's decision Wednesday that Wells Fargo & Co. pay California customers $203 million and stop using a certain method of charging overdraft fees.


By Hadley Robinson


Daily Journal Staff Writer


A 9th U.S. Circuit Court of Appeals panel tossed a San Francisco judge's decision Wednesday that Wells Fargo & Co. pay California customers $203 million and stop using a certain method of charging overdraft fees.


In its ruling, the panel agreed with U.S. District Judge William Alsup that Wells Fargo issued misleading and fraudulent statements about how they charged overdraft fees, a violati...

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