Wells Fargo Pays $110m to Settle Class Action over Fake Accounts

Wells Fargo has agreed to pay $110 million to settle claims that it opened an estimated 2 million fake accounts in order to meet sales goals. The payment will compensate all customers, who were victims of Wells Fargo's scheme at an estimated rate of $25 per person and in addition to amounts it has already paid. The settlement comes after Wells Fargo attempted to toss the claims from court by arguing that the plaintiffs were subject to arbitration under its contracts. Andersen Sleater Sianni's attorneys represent individuals that have been defrauded by corporations like Wells Fargo. To read more about the Wells Fargo settlement, click here.