Keller Rohrback L.L.P. Files Class Action Lawsuit on Behalf of Certain Wells Fargo Auto Loan Borrowers
On July 31, 2017, Keller Rohrback L.L.P., the firm that filed the first class action on behalf of consumers in the Wells Fargo unauthorized account scandal, filed a class action lawsuit against Wells Fargo Bank (NYSE: WFC) in the United States District Court for the Northern District of California alleging the bank victimized its customers by charging them for auto insurance that they did not need.
Wells Fargo has admitted that it placed unnecessary auto insurance on auto loan borrowers’ accounts, which reportedly resulted in hundreds of thousands of customers going into delinquency on their loans, and over 20,000 customers losing their vehicles to repossession.
The complaint, filed on behalf of Wells Fargo auto loan consumers nationwide, includes detailed allegations about Wells Fargo’s illegal practices and the significant stress, hardship, and financial losses that it caused its customers.
“Wells Fargo has once again cheated its customers, charging them millions of dollars of improper fees and damaging their credit. Wells Fargo must be held accountable so that it stops putting profits ahead of principles,” said Derek Loeser, a partner at Keller Rohrback L.L.P. and attorney for the Plaintiff. Partner Gretchen Freeman Cappio added: “Vehicle insurance is expensive and we agree with fed-up Wells Fargo consumers who are telling us that no one should have to pay for two, duplicative policies.”
“Wells Fargo, while vowing to ‘make things right’ in the wake of its recent scandal over unauthorized bank accounts, was apparently hoping this unlawful practice could slip by unnoticed,” the complaint says.
The case is Preston v. Wells Fargo & Company and Wells Fargo Bank, N.A., d/b/a Wells Fargo Dealer Services, in the Northern District of California.
Plaintiffs are represented by:
Matthew J. Preusch
Keller Rohrback L.L.P.
801 Garden Street, Suite 301
Santa Barbara, CA 93101
About Keller Rohrback
Keller Rohrback L.L.P. is a consumer-rights class-action law firm with offices in 6 locations. Our Complex Litigation Group is proud to offer its expertise to clients nationwide, and our trial lawyers have obtained judgments and settlements on behalf of clients in excess of 18 billion dollars.
The firm’s record of success includes settlements with numerous Fortune 500 companies accused of cheating their employees and customers. Recently, managing partner Lynn Sarko was appointed to the Plaintiffs’ Steering Committee in the landmark Volkswagen “Clean Diesel” litigation as well as the Fiat Chrysler Automobiles “EcoDiesel” litigation. Or connect with us on Facebook, Twitter or LinkedIn.