fbpx

Wells Fargo Under Fire For 401(k) Rollover Practices

RPWB attorneys are investigating claims that Wells Fargo may have advised people rolling over their 401(k) retirement plans to invest in alternative investments in order to earn higher fees and commissions.

These 401(k) rollovers have caught the attention of federal regulators with the Department of Justice, Department of Labor and the Securities Exchange Commission, who are reportedly investigating.

RPWB attorneys are looking for assistance from current or former Wells Fargo customers who:

  • Rolled over their company-sponsored 401(k) into an Individual Retirement Account (IRA) with Wells Fargo
  • Were advised by a Wells Fargo employee to invest in certain alternative or non-traditional investments
  • Were advised by a Wells Fargo employee to invest in a Wells Fargo mutual fund
  • Put money into a managed investment account or into a fiduciary account (such as a trust fund)

If you rolled over your 401(k) into an IRA at Wells Fargo and/or a Wells Fargo employee advised you to invest in certain mutual funds or alternative investments, please call us at 1-866-344-8436 or fill out the form on this page.

You may be eligible for additional compensation by agreeing to be a class representative on behalf of other Wells Fargo customers.

RPWB is a reputable plaintiff law firm that represents consumers throughout the United States from our offices in South Carolina and Illinois. Your help in our investigation is greatly appreciated as we believe consumers must be protected to the fullest extent of the law.

Our Experienced Lawyers

How can we help? Fill out the form for a free case review.

    Contact Us

    Case Types

    Related Posts

    First three Abilify gambling cases settle

    In April, the makers of Abilify settled the first three bellwether cases that were scheduled to go to trial this past June.

    Judge M. Casey Rodgers also ordered both sides to begin work on the framework for a global settlement for the nearly 2,000 other Abilify cases pending in the Northern District of Florida. The deadline for the lawyers to report back is September 2018.

    People who developed the compulsion to gamble or excessively shop while taking Abilify should contact us immediately to begin a free case review. Because statutes of limitation dictate how quickly a lawsuit must be filed, there is a very short period of time to file a claim. Depending on where you live, that window to file may have even closed.

    RPWB attorneys represent Abilify users throughout the country who compulsively gambled or shopped. For more information, give us a call at 1-888-872-4086.

    Our Experienced Lawyers

    How can we help? Fill out the form for a free case review.

      Contact Us

      Case Types

      Related Posts

      RPWB accepting DePuy Elbow Implant cases

      RPWB attorneys are representing patients who had to replace their faulty DePuy Synthes elbow implant, a defective medical device that was pulled from the market years ago yet it still causing problems.

      In late 2016, the DePuy Synthes elbow implant was recalled after people who received the devices reported problems with radial stem loosening at the stem-bone interface. At the time, more than 50,000 of the devices had been made and sold.

      Patients who received the Depuy Synthes Radial Head Prosthesis System may experience the following problems:

      • Pain
      • Device loosening
      • Bone loss
      • Poor range of motion
      • Bone fracture
      • Soft tissue damage
      • Revision surgery

      Those people who needed a revision surgery may be entitled to compensation for pain, disabling side effects, lost wages and medical costs. Please contact us for more information.

      Our Experienced Lawyers

      How can we help? Fill out the form for a free case review.

        Contact Us

        Case Types

        Related Posts

        16 RPWB attorneys named to Best Lawyers List

        CHARLESTON – Richardson, Patrick, Westbrook & Brickman was again recognized as South Carolina’s top-listed plaintiff law firm for product liability cases and mass tort/class actions by The Best Lawyers in America® in their 2019 edition released in August 2018.

        In all, 16 RPWB attorneys were named 2019 Best Lawyers, including four new additions to the list. RPWB founding member Ed Westbrook was named Lawyer of the Year for class actions and mass torts in the Charleston-area.

        Here are the RPWB attorneys named to the 2019 Best Lawyers list:

        Michael Brickman
        Litigation – Securities
        Mass Tort Litigation/Class Actions – Plaintiffs

        Elizabeth Middleton Burke
        Mass Tort Litigation/Class Actions – Plaintiffs
        Personal Injury Litigation – Plaintiffs
        Product Liability Litigation – Plaintiffs

        David Butler
        Personal Injury Litigation – Plaintiffs
        Product Liability Litigation – Plaintiffs

        Blair Hahn
        Mass Tort Litigation/Class Actions – Plaintiffs
        Product Liability Litigation – Plaintiffs

        Greg Lofstead
        Mass Tort Litigation/Class Actions – Plaintiffs
        Product Liability Litigation – Plaintiffs

        Christiaan Marcum
        Mass Tort Litigation/Class Actions – Plaintiffs
        Product Liability Litigation – Plaintiffs

        Kim Keevers Palmer
        Mass Tort Litigation/Class Actions – Plaintiffs

        Charles Patrick
        Mass Tort Litigation/Class Actions – Plaintiffs
        Product Liability Litigation – Plaintiffs

        Terry Richardson
        Business Litigation
        Mass Tort Litigation/Class Actions – Plaintiffs
        Personal Injury Litigation – Plaintiffs
        Railroad Law

        Tom Rogers
        Medical Malpractice Law – Plaintiffs
        Personal Injury Litigation – Plaintiffs

        Hoyt Rowell
        Health Care Law
        Mass Tort Litigation/Class Actions – Plaintiffs

        Brady Thomas
        Mass Tort Litigation/Class Actions – Plaintiffs
        Personal Injury Litigation – Plaintiffs

        Chris Tuck
        Mass Tort Litigation/Class Actions – Plaintiffs

        Ed Westbrook
        Mass Tort Litigation/Class Actions – Plaintiffs

        Ken Wilson
        Product Liability Litigation – Plaintiffs

        Bobby Wood
        Mass Tort Litigation/Class Actions – Plaintiffs

        Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Best Lawyers lists are compiled based on an exhaustive peer-review evaluation. 83,000 industry leading lawyers are eligible to vote (from around the world), and we have received almost 10 million evaluations on the legal abilities of other lawyers based on their specific practice areas around the world. For the 2018 Edition of The Best Lawyers in America©, 7.4 million votes were analyzed, which resulted in more than 58,000 leading lawyers being included in the new edition. Lawyers are not required or allowed to pay a fee to be listed; therefore inclusion in Best Lawyers is considered a singular honor. Corporate Counsel magazine has called Best Lawyers “the most respected referral list of attorneys in practice.”

        Our Experienced Lawyers

        How can we help? Fill out the form for a free case review.

          Contact Us

          Case Types

          Related Posts

          Community Bank of Northern Virginia and Guaranty National Bank of Tallahassee

          A full hearing and argument were held before the ADR panel commencing February 1, 2017, and concluding on March 15, 2017. On March 24, 2017, the panel issued its ruling.  The panel unanimously selected $24,000,000 as the amount that they believed most closely reflected the total valuation of the case. A copy of the panel’s ruling is linked below. It is anticipated that settlement checks will be mailed to class members in the next 30-60 days.

          The Kessler-ResCap Bankruptcy Settlement has been funded and settlement checks were mailed to class members on April 4, 2017. A copy of the Kessler Settlement Notice is linked below. Paragraph 8 of the notice provides specific details regarding the formula used to determine the amount any given class member received.

          Updated 09-15-2016

          After conducting numerous mediation sessions between Defendant PNC Bank (the successor to CBNV) and Plaintiffs’ Co-Lead Counsel over the past few months, the Parties have agreed to a class settlement.  Pursuant to that agreement, on August 19, 2016, Judge Schwab issued an Order appointing a three-member alternative dispute resolution panel (the “ADR Panel”) that will consider the evidence and determine whether the class of CBNV borrowers will receive $24 million or $70 million.  The Order directs the ADR Panel to make its ruling no later than March 31, 2017. Plaintiffs’ Unopposed Motion for Preliminary Approval of Class Action Settlement was granted on September 14, 2016. Notice of Preliminary Approval of Class Action Settlement will be mailed to all CBNV class members within 30 days of the preliminary approval order. A copy of that Notice and the aforementioned Orders and other documents are available by clicking on the hyperlinks found below.  Those documents describe in more detail the terms and conditions of the settlement.

          The Kessler Settlement reached through the ResCap bankruptcy proceeding in the Southern District of New York provides for payment to class members comprising both CBNV and GNBT borrowers. The process for finalizing the settlement is close to being completed and we anticipate that a disbursement of monies to class members will be made no later than the end of the first quarter of 2017.  A link to a copy of the Notice for the Kessler Settlement can also be found below.

          Our Experienced Lawyers

          How can we help? Fill out the form for a free case review.

            Contact Us

            Case Types

            Related Posts

            Horry Electric Cooperative Settlement

            On March 3, 2014, the Honorable Benjamin H. Culbertson granted preliminary approval to the class action settlement known as Vance, et al v. Horry Electric Cooperative, pending in Horry County, South Carolina.  Under the terms of the settlement, class members may submit claims for recovery from a six million dollar fund arising out of the installation of vapor barriers in Horry County homes certified for participation in the Good Cents program. Class members may recover from either an automatic payment fund, which provides for a recovery of two thousand dollars, or a remediation fund, which provides for reimbursement of up to twelve thousand dollars for the removal of the vapor barrier.

            Notice and claim documents will be mailed to class members no later than March 17, 2014.  The claim selection form must be mailed and postmarked no later than June 16, 2014.  All details surrounding the submission of the claim form and associated documents will be located in the mailing to class members and can also be identified on the documents attached here.

            Please contact Chris Tuck or Jay Ward with any questions regarding the administration of the settlement at 843.727.6500.

            Final approval was granted 5/30/14.

            Updated 7/14/2016

            Horry Electric filed a motion to disqualify certain people as class members. This motion was opposed by Plaintiffs and denied by the trial court. As a result of the trial court’s denial of its motion, the utility filed an appeal. On June 29, 2016, the S.C. Court of Appeals affirmed that the settlement is a binding contract and that all of the class members must be reimbursed according to the terms of the settlement agreement.

            Our Experienced Lawyers

            How can we help? Fill out the form for a free case review.

              Contact Us

              Case Types

              Related Posts

              Big Water Resort Settlement Agreement

              A settlement agreement has been reached in this case. The full settlement agreement and the notice sent to class members on February 10, 2016 are linked below. If you have any questions regarding the settlement, please contact us at 888-825-9265 to leave a message for counsel.

              Big Water Final Notice to Settlement Class 2-10-16
              Big Water Settlement Agreement

              Our Experienced Lawyers

              How can we help? Fill out the form for a free case review.

                Contact Us

                Case Types

                Related Posts

                Hess v. Volkswagen

                The district court granted final approval on November 21, 2012. The approval order was appealed by an objector.  The appeal has been dismissed and the settlement has now become final.  Rust Consulting will now begin processing the payment of valid claims and mailing checks to qualifying class members.  These payments were mailed in 2013.

                The district court has denied any additional requests for claims payments.

                Our Experienced Lawyers

                How can we help? Fill out the form for a free case review.

                  Contact Us

                  Case Types

                  Related Posts

                  IN RE: Wachovia Corp. “Pick-A-Payment” Mortgage Marketing and Sales Practices Litigation

                  The Final Fairness Hearing was held on Friday, April 20, 2011. On May 17, 2011 the Court granted final approval of the class action settlement. The deadline for appeals to be filed was June 16, 2011 and three separate appeals were filed. As of August 30, 2011, all pending appeals have been dismissed and the Settlement has become final.

                  Our Experienced Lawyers

                  How can we help? Fill out the form for a free case review.

                    Contact Us

                    Case Types

                    Related Posts