https://www.prnewswire.com/news-releases/national-financial-litigation-firm-bringing-lawsuit-against-wells-fargo-301704415.html
ONTARIO, Calif., Dec. 15, 2022 /PRNewswire/ -- McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC (MLG) – a national law firm specializing in Financial Services and Class Actions – has filed a lawsuit on behalf of four individuals who have been allegedly prevented from engaging in the type of expedited arbitration promised by Wells Fargo in their contracts. The complaint alleges that Wells Fargo avoids legal liability by forcing consumers into arbitration, but then allegedly obstructs the process so profoundly that consumers cannot get the resolution they were promised.
This case has significant implications. There has been national attention to the disputes between consumers and banks about the use of contractual arbitration and class action bans to allegedly deny consumer class action cases and effective remedies for consumers. "This case sheds light on how the actual workings of Wells Fargo arbitrations (as opposed to theoretical workings of an arbitration) operate to deny customers remedy for wrongdoing," remarks MLG Partner Richard D. McCune, "It is not the arbitration clause at issue here. It is Wells Fargo's hidden defense of arbitrations that makes arbitration unfair to consumers."