SAN FRANCISCO ¨C Wells Fargo & Co. customers who didn¡¯t consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called ¡°rough justice.¡±
U.S. District Judge Vince Chhabria agreed Wednesday to issue final approval for a $142 million class-action accord that will pay an average of $35 for account holders at the center of the company¡¯s worst scandal in modern history.
At a hearing, the San Francisco judge told attorneys who objected to the settlement that it has flaws, but said it¡¯s better than pressing forward with trial or proceeding with lots of individual lawsuits.
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