|
Economics
Summaries |
|
Wells Fargo Bank - U.S. Wells Fargo Sucks |
|
|
|
|
|
|
Here is a page listing 92 lawsuits filed against Wells Fargo (WFC) in the United States. Glossary
of Terms LEAVE WELLS FARGO NOW. BREAK UP THE BIG BANKS NOW! |
|
|
|
||||
|
Date |
Filed |
Plaintiff |
Case Type |
. |
|
May 17, |
|
Wells Fargo lawsuit settlement |
The settlement in federal district court in Miami deals with claims that the bank and QBE overcharged homeowners in Florida for force-placed insurance. |
Wells Fargo and QBE have agreed to settle a lawsuit dealing with force-placed insurance policies in Florida involving 24,000 borrowers. The companies will pay $19.3 million to compensate the borrowers. |
|
May 15, |
|
Originally, |
Gouging and Profiteering - |
Judge Alsup of the federal 9th circuit court of appeals reinstated a $203 million against Wells Fargo. |
|
May 6, |
|
NY AG Eric Schniederman announces that he will file a lawsuit against Wells Fargo and BofA. |
Schneiderman alleges that Wells Fargo has "flagrantly violated" the terms of last year's $25 billion mortgage settlement. He has documented 210 violations by WF. |
Lawsuit to be filed "within weeks". |
|
Apr. 25, |
|
U.S. District Court |
In July 2009, the Securities and Exchange Commission alleged Medical Capital affiliates defrauded investors; one month later, the company went into receivership. In September that year, investors who had bought bonds issued by Medical Capital affiliates initiated a lawsuit against Wells Fargo and Bank of New York Mellon Corp. (BK), another trustee, alleging the banks failed in their role as trustees by not catching the fraud. |
Wells Fargo & Co. (WFC) agreed to pay $105 million to investors of defunct medical-receivables-financing-company Medical Capital Holdings Inc. |
|
Apr. 17, |
|
U.S. vs. |
"A decade of misconduct" |
Wells Fargo asked a judge to dismiss a suit by the U.S. government (Oct. 8, 2012) claiming the bank made reckless mortgage loans that caused losses for a federal insurance program. |
|
Feb. 28, |
|
Malta vs. Wells Fargo |
The lawsuits allege that Wells Fargo violated the Telephone Consumer Protection Act by calling cell phones without prior consent using an automated dialer or with a prerecorded voice message. |
|
|
Feb. 13, |
|
U.S.
Dept. of Justice |
The suit alleges Wells defrauded the FHA's insurance program for over a decade. |
|
|
Jan. 23, |
|
House
of Europe Funding |
"rampant mismanagement" and "flagrant disregard" of their duties by investing more of the funds raised by House of Europe Funding I in other CDOs than they were allowed. |
Filed in Manhattan |
|
60 |
40 |
210 |
280 - 830 |
240 |
|
|
||||
|
Date |
Filed |
Plaintiff |
Case Type |
. |
|
Dec. 18, |
|
Based upon a Wells Fargo TYPO, Wells Fargo SCREWED Larry Delassus to the extent that he suffered a massive heart attack in court and died, on Dec. 18, 2012. |
Next court session will be on Mar. 18, 2013. The judge plans to rule in favor of Wells Fargo, despite the fact that they are clearly culpable. |
|
|
Dec. 11, |
|
??? vs. |
Pick-a-Pay Loans |
Filed |
|
|
Ybarra et al vs. |
Real Property - Foreclosure |
Filed |
|
|
Dec. 10, |
|
Darlene Ford vs. |
Real Property - Foreclosure |
Filed |
|
|
Kokirtsev vs. |
Real Property |
Filed |
|
|
Dec. 9, |
|
Aguilar et al vs. |
Diversity |
Filed |
|
Dec. 6, |
|
Devlin et al vs. |
Real Property - Foreclosure |
Filed |
|
Dec. 5, |
|
Herrera vs. |
Torts - Property - Other
Fraud |
Filed |
|
|
Byron Keith Bush vs. |
Real Property - Foreclosure |
Filed |
|
|
Nov. 20, |
|
U.S. ex rel vs. |
Filed |
|
|
Nov. 12, |
|
Estate of Curlee C. Dennis vs |
Pick-a-Pay Loan |
Filed |
|
Oct. 8, |
|
U.S.
Dept. of Justice |
A decade of misconduct, under the Federal False Claims
Act - false certifications, mortgage lies |
Filed |
|
Aug. 17, |
|
Best
Medical Inter. vs. |
Discrimination - |
Filed |
|
Aug. 14, |
|
S.E.C.
Order |
ORDER INSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 8A OF THE SECURITIES ACT OF 1933, |
Wells Fargo fined $6.5 million |
|
Aug. 6, |
|
Ogundipe vs. |
Wrongful Foreclosure |
Memorandum
and Opinion |
|
Aug. 2, |
|
Yovany Gonzalez vs. |
Wells Fargo allegedly fired plaintiff three days before his daughter's cancer surgery, on a pretext, because the treatment was too expensive. |
Filed - seeking the $15,000 min. |
|
Jul. 23, |
|
Duran vs. |
Violation of FCCPA - Florida Consumer Collection Practices Act |
Motion is granted in part and denied in part. Plaintiff to submit additional information. |
|
Jul. 16, |
|
Ira
Fladell vs. |
Charging inflated force placed insurance premiums to homeowners - The premiums were inflated to cover kickbacks in the form of unearned commissions |
Filed |
|
Jul. 12, |
|
Justice
Dept. vs. |
Racial discrimination - African-American and Hispanic borrowers were allegedly steered into high-cost, subprime mortgages |
AG Lisa Madigan announces judgment: $175 million to be paid to 34,000 Wells customers as part of judgment, with millions more to be added. |
|
Jun. 15, |
|
Bill
Kuhl vs. |
Unlawful
termination |
Filed |
|
Jun. 11, |
|
Schwarz vs. |
Breach of fiduciary duty and mismanagement |
Filed 5th amended orig. petition |
|
May 9, |
|
Vicki
and Richard Sutcliffe vs |
Denial of permanent loan modification - |
San Francisco federal judge rules - |
|
Apr. 10, |
|
NFHA
vs. |
Foreclosed properties in White areas are much better maintained and marketed by Wells Fargo than such properties in African-American and Latino neighborhoods |
Filed - based upon undercover investigation |
|
Apr. 9, |
|
Michael Jones vs. |
$3.1 million awarded to plaintiff |
|
|
Mar. 21, |
|
MDI
Holdings vs. |
Wells Fargo bank overstepped its boundaries and tried to run MDI's business |
Filed - asking for $15 million |
|
Mar. 9, |
|
Lori
Wigod vs. |
Fraud and Breach of Contract |
Seventh Circuit Court of Appeals says Chicago homeowner Lori Wigod does have the right to sue Wells Fargo for fraud and breach of contract. |
|
Feb. 14, 2012 |
|
Pirelli Armstrong Tire |
Northern California District Court |
Judgment from Judge Susan Illston - |
|
Feb. 10, 2012 |
|
Baron
and Budd vs. |
Filed |
|
|
Feb. 3, 2012 |
|
NY
Attorney General vs. |
"repeatedly submitted court documents containing false and misleading information that made it appear that the foreclosing party had the authority to bring a case when in fact it may not have." |
Filed |
|
Jan. 17, |
|
Rousseau
and Rousseau vs. |
SECOND AMENDED COMPLAINT FOR BREACH OF CONTRACT; BREACH OF GOOD FAITH AND FAIR DEALING;WRONGFUL FORECLOSURE |
Filed |
|
60 |
40 |
210 |
280 - 830 |
240 |
|
|
||||
|
Date |
Filed |
Plaintiff |
Case Type |
. |
|
Dec. 1, |
|
AG Martha Coakley |
Filed |
|
|
Nov. 28, |
|
National Credit Union Ad. |
Wachovia misrepresented mortgage-backed securities and violated state and federal laws. |
Filed - approx. $160M |
|
Nov. 2, |
|
Loreley Financing vs. |
Conspiring to defraud Loreley in the sales of $163.3 million of collateralized debt obligations |
Filed |
|
Oct. 27, |
|
Richard Davis vs. AHMSI |
Filed |
|
|
Oct. 19, |
|
Justin Genese vs. |
Banks colluded with Visa and MasterCard to set artificially high rates on ATM fees. |
Filed |
|
Oct. 7, |
|
Securian Financial et al |
Filed |
|
|
Oct. 4, |
|
Duran vs. Wells Fargo |
Filed |
|
|
Oct. 3, |
|
Barry Fagan vs. |
Ongoing |
|
|
Sept. 30, |
|
Sound Appraisal vs. |
Conspiracy to violate the California common law duty of fair procedure |
Filed |
|
"SEPT" |
|
LaBovick Law vs. |
Employee was terminated for bringing to light multiple branch violations of the Patriot Act. |
Filed - NOBODY will provide the date in Sept. - Announced on November 10, 2011 |
|
Sept. 7, |
|
Gerald T. Reilly vs. |
Filed |
|
|
Sept. 1, |
|
Mike Ciresi for |
Fraud
and Breech of Fiduciary Duty by |
Filed |
|
Sept. 1, |
|
Filed |
||
|
Aug. 15, |
|
Filed by Jack Pankow for |
Fraud, negligent misrepresentation, civil theft, conspiracy, breach of contract, breach of warranty and negligence - Wells Fargo sold house they did not own |
Filed |
|
Aug. 5, |
|
Class Action vs. |
Wachovia failed to disclose the true quality of its bonds and the bank's financial health |
Wells Fargo agrees to pay $590 million |
|
Aug. 3, |
|
Chandler, AARP vs. |
Illegal
Reverse Mortgage Foreclosures |
Filed |
|
Jul. 26, |
|
Department of Justice |
"Lawsuit in Preparation" |
|
|
Jun. 23, |
|
Bibby and Donnelly vs. |
Amended complaint filed |
|
|
Jun. 15, 2011 |
|
Thomas G. Bloomer vs. |
Wells fargo foreclosed on plaintiff's house, when plaintiff never even had a loan with them. |
Filed |
|
May 13, |
|
Homeowners vs. Wells Fargo |
Wells Fargo did not own the Note and thus had no standing to foreclose. |
Texas Court of Appeals affirms Summary Judgment |
|
May 4, |
|
City of Memphis, TN |
Wells Fargo Motion to Dismiss denied |
|
|
Apr. 29, |
|
Signature Developers |
Illegal
Foreclosure - |
WF must pay $9.5 Million |
|
Apr. 25, |
|
City of Baltimore |
Wells Fargo Motion to Dismiss denied. Case will proceed |
|
|
Apr. 15, |
|
Wells Fargo vs. U.S. |
Wells denied $115M in tax deductions for 2002 |
|
|
Apr. 12, |
|
Desiree Morris |
Flood
Insurance Class Action |
Filed |
|
Mar. 30, |
|
880 Los Angeles Borrowers |
WF must pay $3.5 Million |
|
|
Mar. 7, |
|
Thomas M. Coleman |
Motion
to force arbitration |
Order affirmed - Respondent Coleman to recover costs |
|
Feb. 22, |
|
Florida retiree |
Pending |
|
|
Feb. 21, |
|
Veteran's Class Action |
Wells Fargo must pay $10 Million |
|
|
Feb. 15, |
|
Patrick Rodgers vs. |
Homeowner
Forecloses on Wells Fargo |
Wells Fargo had to pay $1,000 |
|
Feb. 2, |
|
Shellie Gordon vs |
Overtime
Class Action |
Filed |
|
Jan. 7, |
|
Massachusetts Supreme Court |
Illegal
Foreclosures |
No more phony foreclosure assignments |
|
60 |
40 |
210 |
280 - 830 |
240 |
|
|
||||
|
Date |
Filed |
Plaintiff |
Case Type |
. |
|
Dec. 30, |
|
Nelson vs. Wells Fargo |
? |
|
|
Dec. 20, |
|
California Attorney General |
Predatory
Loans Settlement |
Wells Fargo has agreed in a settlement to offer home-loan modifications worth $2 billion, and will also pay $32 million in restitution to borrowers who lost their homes through foreclosures. |
|
Nov. 23, |
|
Harwood Feffer Class Action |
Filed - The lawsuit attacks ASC, America's Servicing Company, which is Wells Fargo's loan servicing division |
|
|
Oct. 27, |
|
Alkimya Group |
Fraud
- Breach of Contract |
Filed |
|
Oct. 14, |
|
New York Supreme Court |
Fatal Defect - Mortgage was NEVER assigned to Wells Fargo |
Foreclosure denied |
|
Aug. 11, |
|
Gutierrez vs. Wells Fargo |
Wells Fargo must pay $203 Million |
|
|
Jul. 19, |
|
Homeowner Group |
Loan
Modifications Denied |
Pending |
|
Jun. 30, |
|
Sarasota County |
Suit seeks $40 Million |
|
|
Jun. 3, |
|
4 Non-profits vs. |
Breach
of Fiduciary Duty |
Wells Fargo must pay $30 million |
|
Apr. 29, |
|
Ronald Ward et. al. vs. |
Breach
of Contract - Wrongful foreclosure |
Filed |
|
Apr. 15, |
|
Class Action |
1. Breach of Contract |
? |
|
Apr. 14, |
|
City of Memphis, TN |
Pending |
|
|
Mar. 10, |
|
Wells Fargo vs. |
Trespass (Foreclosure) |
Wells Fargo must pay $155,000 |
|
Jan. 12, |
|
Wells Fargo vs. U.S. |
Improper
Tax Deductions - SILO |
Wells denied $115M in tax deductions |
|
Jan. 7, |
|
City of Baltimore, MD |
Dismissed - recession blamed |
|
|
60 |
40 |
210 |
280 - 830 |
240 |
|
|
||||
|
Date |
Filed |
Plaintiff |
Case Type |
. |
|
Nov. 20, |
|
California Attorney General |
Wells Fargo agrees to buy back worthless securities |
|
|
Oct. 23, |
|
Wells Fargo vs. |
Assignments disallowed |
|
|
Aug. 19, |
|
Michael Hickman vs. |
Illegally
Cut Home Equity Lines of Credit - Did not provide
notice |
Filed |
|
Jul. 31, |
|
Illinois Attorney General |
Discriminatory
illegal lending |
|
|
|
||||
|
Oct. 30, |
|
6,600 Home Loan Consultants - Class Action |
Unreimbursed
Business Expenses |
Wells Fargo agrees to pay up to $10 Million |
|
Oct. 3, |
|
Hagens Berman |
Excessive
overdraft fees |
Customer transactions were illegally reordered so as to maximize late and overdraft fees. |
|
|
||||
|
Dec. 31, |
|
DOLORES MANDRIGUES, et al. |
The "Pick-A-Payment"
case |
Filed |
|
Nov. 1, |
|
Yvonne Gipson et al. |
Breach
of Fiduciary Duty |
Filed |
|
60 |
40 |
210 |
280 - 830 |
240 |
|
|
||
|
Duces Tecum |
An investigative subpoena which compels a bank to produce documents, typically used to prove property ownership. Often, banks are unable to prove ownwrship, due to the fact that many mortgages have been buried in socalled "derivatives", and tracability is lost. This results in Wells Fargo (and others) trying to foreclose on thousands of mortgages that they DO NOT OWN. |
|
|
AHMSI |
American Home Mortgage Servicing (Wells Fargo
henchmen) |
|
|
Author's Note
|
This page is a VERY difficult task. Why? |
|
|
120 |
280 - 640 |
240 |
![]() Embargo Wells Fargo Boycott Wells Fargo - Shun Wells Fargo Don't Be Stupid - Move Your Money - Leave Wells Fargo NOW ![]() Fails of Wells Fargo Too Numerous to Count, but I will try. Fraud, Contrived Fees, Fee Gouging, Predatory Lending, Illegal Foreclosure, Denied Loan Modifications, etc. |
Vaughn's Summaries ©2011-2013 Vaughn Aubuchon www.vaughns-1-pagers.com All Rights Reserved |
|
|
was last updated on 2013-05-21. |