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U.S. top court rejects Wells Fargo challenge to $203 million class action judgment

Published 04/04/2016, 09:46 AM
Updated 04/04/2016, 09:50 AM
© Reuters. File photo of a woman walking past teller machines at a Wells Fargo bank in San Francisco
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WASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected Wells Fargo (NYSE:WFC) & Co's appeal of a $203 million judgment that it was ordered to pay to resolve a class action lawsuit accusing it of imposing excessive overdraft fees.

© Reuters. File photo of a woman walking past teller machines at a Wells Fargo bank in San Francisco

The justices left in place an October 2014 ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals, which ruled in favor of class action plaintiffs.

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