On May 14, 2013, Judge William H. Alsup reinstated the $203 million verdict against Wells Fargo Bank on behalf of the over 1 million customers who had been improperly charged overdraft fees as a result of Wells Fargo’s misrepresentations of its posting practice. This action was in response to the 9th Circuit Court of Appeal decision that had directed Judge Alsup to determine the amount of damages from the misrepresentation practice, after finding that the claims that the posting practice itself was illegal were preempted by Federal law.
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