Click Fraud Protection Wells Fargo Uber/Lyft Overdraft Fee Litigation
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Wells Fargo Uber/Lyft Overdraft Fee Litigation

Outcome: $10 Million

Wallace v. Wells Fargo & Co. and Wells Fargo Bank, N.A., 17CV317775, Superior Court of California for the County of Santa Clara

On July 14, 2021, Superior Court of California, County of Santa Clara Judge Patricia Lucas granted preliminary approval of a $10,536,098 class action settlement in Wallace v. Wells Fargo.

In the lawsuit, Wallace alleged that Wells Fargo breached its contract with account holders who had not opted in to Wells Fargo’s overdraft service which promised that Wells Fargo would not charge overdraft fees for non-recurring transactions. Wallace further alleged that Wells Fargo violated California Consumer protection law by making misrepresentations about these overdraft fees in its account documents.

Under the settlement, Plaintiff Larry Wallace and qualifying class members who were charged such fees for Uber/Lyft transactions will receive cash payments in exchange for the release of their claims.

“We are pleased that Judge Lucas granted preliminary approval of the settlement,” said Annick M. Persinger, one of the firm’s partners handling the matter. “The $10 million settlement represents an excellent result for consumers. We are delighted that under the settlement the class of account holders will automatically receive cash payments from the fund.”

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