Former Employees File Class Action Against Wells Fargo
Two former Wells Fargo & Co employees are requesting $2.6 billion or more for workers who tried to meet the sales quota ethically but were later forced to resign and fired. The lawsuit includes current employee and emphasises on those who followed the rules and were penalised for not meeting sales quotas.
“Two former Wells Fargo & Co employees are requesting $2.6 billion or more for workers who tried to meet the sales quota ethically but were later demoted, forced to resign and fired.”
The former employees have accused Wells Fargo managers often pressured them to meet 10 accounts per day targets and required progress reports daily and scolded workers who fell short of their targets.
About Wells Fargo
In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable).
Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s money. In the 1860s, it earned everlasting fame — and its corporate symbol — with the grand adventure of the overland stagecoach line.
Visit: Wells Fargo
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact email@example.com
- For Media-related enquiries, please contact firstname.lastname@example.org
- For Advertisement, please contact our official ad agency