id: 571, Created by Stan Vick, Scout
Wells Fargo (WFC) $300 MM Securities Settlement
How it works?
- 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
03 Nov 2016Class period Start
03 Aug 2017Class period End
21 Aug 2023Claim deadline
Wells 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.
Failure to Disclose,
14 February 2018
Construction Laborers Pension Trust for Southern California
Robbins Geller Rudman & Dowd LLP
Timothy J. Sloan, John R. Shrewsberry, Stephen Sanger, Mary Mack
Hon. James Donato
Gilardi & Co LLC
Court hearing date
17 August 2023
26 January 2023
27 July 2023
27 July 2023
Trades matching type
+$300,000,000Total Settlement Amount