WFC.US
id: 571, Created by Stan Vick, Scout
Wells Fargo (WFC) $300 MM Securities Settlement
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- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
N.D. California
Court3:18-cv-03948-JD
Case number03 Nov 2016
Class period Start03 Aug 2017
Class period End21 Aug 2023
Claim deadlineWells Fargo (WFC) agreed to pay $300'000'000 to settle a securities class action lawsuit to avoid further litigation.
The Complaint alleged that the Company and its Leaders knowingly concealed and made false statements about Collateral Protection Insurance and Guaranteed Asset Protection insurance, allegedly in violation of the Securities Exchange Act of 1934.
The Complaint further alleged that the omissions and false and misleading statements artificially inflated the price of Wells Fargo’s common stock (WFC) and that, when the Company disclosed the true facts, Wells Fargo’s stock price dropped.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Filing date
14 February 2018
Lead plaintiff
Construction Laborers Pension Trust for Southern California
Attorney
Robbins Geller Rudman & Dowd LLP
Defendants
Timothy J. Sloan, John R. Shrewsberry, Stephen Sanger, Mary Mack
Judge
Hon. James Donato
Administrator
Gilardi & Co LLC
Court hearing date
17 August 2023
Exclusion deadline
26 January 2023
Objection deadline
27 July 2023
Hearing deadline
27 July 2023
Trades matching type
FIFO
+$300,000,000
Total Settlement Amount