Gopher, et al. v. Wells Fargo Bank, N.A., et al.

Summary

In this case alleging fraud and breach of fiduciary duty against Wells Fargo Bank and others over the administration of a trust, plaintiffs, a group of trust fund beneficiaries, from the Florida Seminole Tribe, claim defendant Wells Fargo Bank charged illegal fees related to the trust's administration and failed to properly invest the trust's funds.

The defense contends that it refunded all improper fees that were charged and invested the funds according to the trust's overarching terms.

*This proceeding was not recorded in full.*

Outcome

For the plaintiff. Verdict issued after coverage ceased. Total verdict: $833.23 million