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Florida Trend: 10 cases with consequences to FL business (Seminole Tribe vs. Wells Fargo)

The largest of several “nuclear” verdicts dropped last year by Florida juries came in a suit by the Seminole Tribe’s minors’ trust, represented by Conrad & Scherer in Fort Lauderdale, against Wells Fargo Bank. The trust, funded by gambling profits, alleged the bank charged it unauthorized fees and didn’t invest aggressively enough, costing the 2,000 minors covered by the trust.

Wells Fargo argued tribe leadership wanted conservative investing. The trust won an $826-million verdict that with interest reaches more than $1.25 billion. Wells Fargo is appealing. The trust totaled nearly $3 billion in 2025. Each minor receives a per capita share upon reaching the designated age.