This Settlement was granted final approval at the Final Approval Hearing on May 15, 2019. Initial Settlement checks were distributed to Settlement Class members on July 22, 2019. Supplemental checks have been distributed to Settlement Class members who timely negotiated their initial Settlement check.
A settlement has been reached in a class action lawsuit alleging, among other things, that Wells Fargo repossessed military customers’ motor vehicles in violation of the Servicemembers Civil Relief Act, 50 U.S.C. §§ 3901, et seq., the Utah Consumer Sales Practices Act, and claims for conversion and negligence.
The Settlement provides payments to servicemembers who, before the servicemember entered military service, paid a deposit or installment on a motor vehicle loan originated, acquired, and/or serviced by Wells Fargo Bank, N.A., its predecessors, successors, subsidiaries, and assigns (“Wells Fargo”), and whose motor vehicle subject to the loan was repossessed by Wells Fargo while the servicemember was in active military service without a court order or a waiver pursuant to the Servicemembers Civil Relief Act, 50 U.S.C. 3918, authorizing the repossession between January 1, 2006, and December 31, 2017, and have not already released their claims. Wells Fargo denies each and all of the claims and allegations of wrongdoing made by the Plaintiff.
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