NEW YORK, Aug. 22, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC) for allegedly forcing customers to pay for unwanted auto insurance.
On July 27, 2017, The New York Times reported that Wells Fargo admitted that it was involved in improper insurance practices, and that over 800,000 people took out auto insurance policies that they did not need. The New York Times report said that, "The expense of the unneeded insurance, which covered collision damage, pushed roughly 274,000 Wells Fargo customers into delinquency and resulted in almost 25,000 wrongful vehicle repossessions, according to the 60-page report, which was obtained by The New York Times. Among the Wells Fargo customers hurt by the practice were military service members on active duty."
Customers who obtained auto loans through Wells Fargo between January 2012 and July 2017 may have been affected by these allegedly improper practices. If you opened an auto insurance policy with Wells Fargo between January 2012 and July 2017 and believe you have been impacted, you can contact the firm at www.bgandg.com/wfc or contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.