WELLS FARGO LAWSUIT
If You Have Been Fired or Forced to Resign, We Can Help You Seek Justice & Financial Compensation
DID WELLS FARGO UNFAIRLY FIRE YOU AND RUIN YOUR U5?
Wells Fargo is being investigated for retaliating against workers who refused to act in an unethical and fraudulent manner to boost company profits. Employees were fired and have suffered significant financial hardship after reporting widespread unethical behaviors to the banking giant.
WERE YOU EMPLOYED BY WELLS FARGO AT ANY TIME DURING THE PAST TEN YEARS AND:
- Were forced to resign or were fired because you resisted the pressure of bank managers to force unwanted products onto customers
- Were Penalized for not gaming your sales numbers
- Failed to meet sales quotas because you did not engage in fraudulent activity
- Were demoted, fired, or forced to resign after complaining or reporting unethical behavior to the company’s ethics line?
- Are suffering financial hardship because of damaging comments on your U5 because of company retribution?
IF YOU ANSWERED YES TO ANY OF THE ABOVE YOU MAY BE ELIGIBLE TO FINANCIAL COMPENSATION FROM WELLS FARGO.
YOU MAY BE ELIGIBLE TO RECEIVE COMPENSATION FROM WELLS FARGO
Wells Fargo forced knowingly unrealistic cross-sell quotas on their employees, pushing them to open eight or more accounts for every customer. The scheme allowed higher level workers to squeeze low-level employees into meeting these objectives by opening more than 2 million accounts for customers who did not want or need them. Employees were fired for these activities, while Wells Fargo executives reaped significant financial benefits and thousands of low-wage workers took the blame.
Instead of rewarding workers who resisted engaging in fraudulent activity, Wells Fargo forced them to resign, demoted them, or fired them for not reaching cross-sell goals.
HOW WE WILL HELP YOU
Workers in Los Angeles, San Francisco, and all across California are fighting back against Wells Fargo. We believe that Wells Fargo punished workers who had the moral fortitude to resist engaging in fraudulent activities. We believe the company violated federal financial regulations and labor laws through this fraudulent activity, and wrongfully terminated the workers who wouldn’t go along. We believe the bank conducted unlawful business practices and failed to pay workers according to federal overtime laws.
If you worked for Wells Fargo at any time during the past ten years and were wrongfully terminated, demoted, or forced to resign, contact us today. We are staunch advocates for worker’s rights, and we will fight to have your U5 record restored and get you the financial compensation you deserve.
THE IMPORTANCE OF THE U5
The U5 database system is maintained by the Financial Industry Regulatory Authority (FINRA), and contains the “report cards” of all bankers. Banks are required by law to report any type of wrongdoing on an employees’ U5. The system was designed to ensure bankers, financial advisers, and brokers are held accountable for any type of violation or unethical behavior. However, getting a negative comment on your U5 can essentially lead to being blackballed within the industry, leaving these workers unable to get jobs in their fields. And trying to get a U5 changed, even if the comment was made in error, is very expensive and there is no guarantee that a change will be made.