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A jury awarded the Seminole Tribe of Florida over $818 million after finding Wells Fargo Bank and its predecessor, Wachovia Bank, liable for charging unauthorized fees and mishandling a trust fund for the tribe's children. The verdict, delivered on March 25, 2025, highlighted the bank's failure to uphold its fiduciary duties. Attorney William R. Scherer Jr. emphasized that this ruling serves as a warning to financial institutions regarding their responsibilities to clients.
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Seminole Tribe awarded 832 million in lawsuit against Wells Fargo Bank
United States Dollar
Wells Fargo Bank, N.A. Capped Point to Point CD AADIQXX
USA
Larry Howard
Holly Tiger
Jim Shore
William R Scherer Jr
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03:59 27.03.2025
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