There has been no shortage of lawsuits filed against Wells Fargo in recent years, from accusations the bank pushed mortgages on borrowers who couldn’t repay them to claims the company pressed employees to engage in fraudulent conduct with regard to customer accounts. Now, a recently unsealed whistleblower lawsuit melds together those issues, claiming the bank encouraged employees to withhold information from customers that could potentially lead to foreclosure proceedings. [More]
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Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding
By 5.16.16
Martin Shkreli Terminated From Another CEO Gig Following Fraud Charges
By 12.21.15
Things continue to unravel for Martin Shkreli, best known as the guy whose company bought the rights to a previously affordable, life-saving generic drug, then increased its price by 5,400% overnight. After being arrested last week in an unrelated securities-fraud investigation, the “pharma bro” has lost his spanking-new job as CEO of KaloBios Pharmaceuticals. [More]
Walmart Employee Says He Was Fired For Waiting 30 Minutes To Turn In $350 He Found In Parking Lot
By 12.2.15
A maintenance employee for Walmart thought he was doing the right thing by handing over a stack of bills totaling $350 that he found discarded in the store’s parking lot. But instead of being thanked for his honesty, the man says he was fired because he waited 30 minutes before handing over the cash. [More]
Target Employees Say They Were Shooed Away Due To High Salaries
By 3.4.10
Target says it’s not into saving on salaries by demoting and laying off longtime workers, but the Tucson Weekly reports a bunch of fired longtime Target employees believe the company discriminated against them because of their ages, among other reasons. [More]
Frontier Communications Has To Pay Back Early Termination Fees
By 10.6.09
If you signed up for Frontier Communications’ Price Protection Plan—a combo phone and broadband package—between January 2007 and September 2008, and you canceled the agreement and were charged an early termination fee (ETF), you may be getting some cash back.
Whole Foods Fires Employee For Stopping Shoplifter
By 1.16.09
It must be pretty easy to shoplift at Whole Foods because if any of their employees touch you, they’ll be fired.
Lillian Vernon Fires Employees Four Days Before Christmas
By 12.27.07
Longtime catalog business Lillian Vernon, famous for its dinky personalized items—and under corporate ownership of one sort or another since 2003—decided to personalize the sensation of being terminated last Thursday, reports the Virginian-Pilot. Although seasonal workers have always been a big part of LV’s holiday workforce, this time around the axe fell on longterm employees who showed up to their normal, year-round jobs that morning. “Lillian Vernon officials declined to comment on the layoffs. Philip Read, a company spokesman, answered his wireless phone Friday and said he was no longer employed by Lillian Vernon as of Thursday.”
Wal-Mart Employee Fired For Stopping Punch-Happy Shoplifter
By 10.19.07
Up until last week, Victoria Smith was a Customer Service Manager with at a Wal-Mart in New York. Then she intercepted a shoplifter, released her to the wild (as is legally required), and then got punched in the face when the shoplifter snapped and ran back into the store. Three days later, she was fired for touching the customer.
Court Allows Lawsuit Against T-Mobile To Proceed
By 10.11.07
On Wednesday, the California Supreme Court refused to review two earlier findings, which killed T-Mobile’s final chance at blocking a lawsuit against its early-termination fees and practice of locking phones. This is the third time T-Mobile has tried to stop the case from proceeding, and both a state trial judge and a state appeals court have already rejected T-Mobile’s claims that its customers were required by the terms of their contracts to submit to binding arbitration.
New Legislation Would Limit Wireless Contract Termination Penalties
By 9.18.07
Two advocacy groups, the Consumer Federation of America and the Consumers Unions, endorsed a bill yesterday that would limit the amount that wireless, cable, and telephone companies could charge customers for early cancellation of their contract. Specifically, it would require companies to waive cancellation fees for the first 30 days, and pro-rate any fees after the first 30 days (something Verizon already does, but no other mobile carrier that we know of).
