
    IN RE: WELLS FARGO FRAUDULENT ACCOUNT OPENING LITIGATION
    MDL No. 2766
    United States Judicial Panel on Multidistrict Litigation.
    April 05, 2017
    ORDER DENYING TRANSFER
    SARAH S. VANCE, Chair Before the Panel: Plaintiffs in the District of Utah Mitchell action move under 28 U.S.C. § 1407 to centralize pretrial proceedings in this litigation in the District of Utah. Plaintiffs in the Northern District of California Jabbari action oppose centralization or, alternatively, support centralization in the Northern District of California. All other plaintiffs support centralization and variously support the District of Utah, the District of New Jersey, the Northern District of California, the Northern District of Alabama, the Middle District of Florida, or the Central District of California as transferee district. Defendants Wells Fargo Bank, N.A., and Wells Fargo & Company (together, Wells Fargo) ask the Panel to defer ruling on the motion until the Panel's May 2017 hearing session or, alternatively, to deny the motion. This litigation consists of eight actions pending in six districts.
    On the basis of the papers filed and hearing session held, we conclude that centralization is not necessary at this time for the convenience of the parties and witnesses or to further the just and efficient conduct of the litigation. These actions share allegations that Wells Fargo employees used confidential information to open fraudulent accounts in customers' names to meet sales goals, and that Wells Fargo encouraged, knew of, or should have known of this practice. All actions allege overlapping putative nationwide or statewide putative class claims, and all cases will involve overlapping pretrial motions regarding class certification and arbitration. But the parties in the Northern District of California Jabbari action recently reached a nationwide class settlement in principle, a motion for preliminary approval of their proposed settlement is due in less than a month, and a hearing on the motion is set to take place in less than two months. At oral argument, counsel for the Jabbari plaintiffs represented that all interested parties will have the opportunity to object to or otherwise raise issues as to the adequacy of the proposed settlement in the Northern District of California. Centralization at this time could delay a class-wide settlement with little or no benefit to the parties and putative class members. See, e.g., In re:JPMorgan Chase Bank, N.A., Mortg. Corp. Force-Placed Hazard Ins. Litig. , 959 F.Supp.2d 1372, 1373 (J.P.M.L. 2013).
    IT IS THEREFORE ORDERED that the motion for centralization of these actions is denied.
    
      
      Certain Panel members who could be members of the putative classes in this docket have renounced their participation in these classes and have participated in the decision.
    
    
      
      The Panel has been notified of two additional related actions pending in the Central District of California and the Southern District of California.
    
   SCHEDULE A

MDL No. 2766 - IN RE: WELLS FARGO FRAUDULENT ACCOUNT OPENING LITIGATION

Northern District of Alabama

JEFFRIES, ET AL. v. WELLS FARGO & COMPANY, ET AL., C.A. No. 2:16-01987

Central District of California

FRIEDMAN, ET AL. v. WELLS FARGO BANK, N.A., ET AL., C.A. No. 2:16-07405

Northern District of California

JABBARI, ET AL. v. WELLS FARGO & COMPANY, ET AL., C.A. No. 3:15-02159
CHERNAVSKY v. WELLS FARGO BANK, N.A., ET AL., C.A. No. 3:16-06326
CASON, ET AL. v. WELLS FARGO BANK, N.A., ET AL., C.A. No. 3:16-07040

Middle District of Florida

STANTON v. WELLS FARGO & COMPANY, ET AL., C.A. No. 8:16-03318

District of New Jersey

BLANCHARD v. WELLS FARGO BANK, N.A., ET AL., C.A. No. 1:16-07509

District of Utah

MITCHELL, ET AL. v. WELLS FARGO BANK, N.A., ET AL., C.A. No. 2:16-00966  