Wells Fargo COBRA notices $1M class action settlement

Wells Fargo agreed to a $1 million class action lawsuit settlement to resolve claims that it failed to comply with COBRA regulations when sending notifications to health plan participants.

The settlement benefits participants and beneficiaries of the Wells Fargo & Co. Health Plan who were sent a COBRA notice between May 3, 2018, and Dec. 23, 2021, but did not elect COBRA coverage.

Plaintiffs in the class action lawsuit claim Wells Fargo failed to send proper COBRA notices to health plan participants and beneficiaries who had a qualifying event, such as termination, that disrupted their coverage. According to the class action lawsuit, participants and beneficiaries failed to elect continuing coverage due to these insufficient notices.

Wells Fargo is a bank with locations around the country.

Wells Fargo hasn’t admitted any wrongdoing but agreed to a $1 million settlement to resolve the COBRA class action lawsuit.

Under the terms of the settlement, class members can receive a cash payment of up to $20. Actual payments may be reduced from $20 on a pro rata basis depending on the number of valid claims filed.

The deadline for exclusion and objection is March 3, 2024.

The final approval hearing for the settlement is scheduled for April 15, 2024.

In order to receive a settlement payment, class members must submit a valid claim form by March 3, 2024.

Who’s Eligible

Participants and beneficiaries of the Wells Fargo & Co. Health Plan who were sent a COBRA notice between May 3, 2018, and Dec. 23, 2021, but did not elect COBRA coverage.

Potential Award

$20

Proof of Purchase

N/A

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

03/03/2024

Case Name

Blessinger, et al. v. Wells Fargo & Co., Case No. 8:22-cv-01029-TPB-SPF, in the U.S. District Court for the Middle District of Florida

Final Hearing

04/15/2024

Settlement Website

BlessingerSettlement.com

Claims Administrator

Blessinger v. Wells Fargo
c/o Settlement Administrator
PO Box 23489
Jacksonville, FL 32241
888-966-4765

Class Counsel

Luis A Cabassa 
Brandon J Hill 
WENZEL FENTON CABASSA PA

Marc Edelman 
MORGAN & MORGAN PA

Defense Counsel

Edward J Meehan
Mark C Nielsen
Paul J Rinefierd
GROOM LAW GROUP