Do those 5,000 employees have the right to sue Wells Fargo?
Employers generally cannot tell you to do something, then, fire you for doing it. This is a violation of the law of misrepresentation. If your employer tells you to open an account, there is an implicit statement that it is ok to open that account. Well, if it is ok to open that account, then firing you later claiming it was not ok is illegal! Wells Fargo seems to have done just that. It seems to have encouraged employees to open as many bank accounts as it can for customers, then, after it got caught, fired 5,000 workers for doing what they were told! These employees may have claims against Wells Fargo for wrongful termination.