California Federal Judge Grants Wells Fargo Employees Class Certification in Expense Reimbursement Suit

Posted on September 22nd, 2017 at 9:10 AM
California Federal Judge Grants Wells Fargo Employees Class Certification in Expense Reimbursement Suit

From the Desk of Jim Eccleston at Eccleston Law LLC:

A federal judge in the U.S. District Court for the Northern District of California has asserted that he will grant certification to a class of more than 2,100 Wells Fargo home mortgage consultants and private mortgage bankers who allegedly were not reimbursed by the firm for business expenses in violation of the California Labor Code.

The class certification by the federal judge stems from a lawsuit filed by the named plaintiff in this case. In the original lawsuit against Wells Fargo, the plaintiff argued that as a mortgage consultant he was encouraged to use Wells Fargo’s marketing tools, including his own Wells Fargo website and the company’s email program. Even though the plaintiff was encouraged to use Wells Fargo’s marketing tools, the employee had to pay for them on his own and was never reimbursed for the expenses he incurred.

When it was determined that Wells Fargo failed to reimburse business expenses to many other mortgage consultants and bankers, the lead plaintiff filed a motion for class-action certification. However, counsel for Wells Fargo argued that the marketing tools were too individualized for a class claim.

At the conclusion of the motion hearing, the judge certified the class, but pointed out that certain contracts might be trimmed at the summary judgment phase.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, California, Wells Fargo,

Return to Archive

TESTIMONIALS

Previous
Next

You are the best attorneys in the country.

CC

LATEST NEWS AND ARTICLES

June 14, 2024
Wells Fargo Fires Employees for Faking Work

Wells Fargo & Co. recently terminated over a dozen employees following an investigation into allegations of fake work activities.

June 13, 2024
FINRA Struggles to Revise Outside Business Rules

The Financial Industry Regulatory Authority’s (FINRA) attempt to update its rules on advisors’ outside business activities has stalled, according to Robert Colby, FINRA's chief legal officer.

June 12, 2024
Tax Court Denies Madoff Victims $8.2 Million Deduction

Victims of Bernie Madoff's Ponzi scheme, Christopher and Silvana Pascucci, cannot claim an $8.2 million tax deduction for their investment in life insurance premiums.