Wells Fargo must face claims that its allegedly discriminatory lending practices cost the city of Sacramento property taxes, a California federal judge ruled Thursday.
But the city must provide more detail in its allegation that the bank's practices resulted in increased municipal services expenditures, the judge noted in the same order.
When Sacramento joined the ranks of cities suing Wells Fargo & Co. over allegations of discriminatory mortgage lending practices, it turned last month to a lawyer at a small firm in San Francisco who has become a familiar foe for the bank.
Last week federal prosecutors seized 16 mobile phones from Donald Trump lawyer Michael Cohen, making many of us wonder, what kind of lawyer needs 16 phones, all potentially work-related? So we asked some lawyers.
Employment lawyer Yosef Peretz thinks 16 phones sounds sketchy...
The wheels of justice grind exceedingly slow and fine, but, if you're demonstrably in the right, and have (a lot) of patience and a capable lawyer, good things can happen. An example of this might be a particular David versus Tesla case that has just been resolved.
Wells Fargo & Co. has reached a settlement with a former branch manager who claimed she was fired for blowing the whistle on employees who had been opening accounts without permission, the sales-pressure conduct at issue in a scandal that erupted in 2016.
A California federal judge ruled Friday that Oakland can proceed with trimmed allegations that Wells Fargo steered minorities to pricey subprime loans that increased foreclosure rates, saying the city’s bid to sue over reduced property taxes passes muster under the U.S. Supreme Court’s Bank of America v. Miami decision.
In November, the newly installed Wells Fargo chief executive, Timothy J. Sloan, told employees that retaliation against whistle-blowers would “not be tolerated at Wells Fargo.”
Hope Hardison, Wells Fargo’s chief administrative officer, told me this week that it was “critically important” that all 270,000 Wells Fargo employees feel “safe and comfortable” reporting questionable conduct. “That’s a bedrock principle for us,” she said.
At least 5,300 Wells Fargo employees have been fired for ethics violations like setting up illicit accounts without customers’ knowledge to meet sales targets. Now there’s another group of aggrieved Wells Fargo workers: people who say they were fired or demoted for staying honest and falling short of sales goals they say were unrealistic.
Former Worker Says Tesla’s Firing Denied Him Lucrative Shares
A former Tesla Inc. factory worker filed a lawsuit alleging the automaker fired him a day before his one-year anniversary, denying him hundreds of thousands of dollars worth of stock options that he claims should have vested.
Stephen Platt – who said he began working as a machinist at Tesla’s Fremont, California, factory on Aug. 27, 2012 – was fired on Aug. 26, 2013, at the end of his shift despite having been told the previous month he’d be getting a raise for his performance, according to the complaint filed in California Superior Court in Oakland last month.