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WFC.US
id: 720, Created by Stan Vick Chase, Scout
Wells Fargo (WFC) $1 Billion Settlement for Shareholders
Pending 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
- No credit-card required
02 February 2018
Class period Start12 March 2020
Class period EndHow it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
- No credit-card required
Wells Fargo has reached a $1 billion settlement with investors following allegations that the bank deceived them regarding its regulatory compliance in the wake of the fraudulent sales scandal.
The federal lawsuit accused $WFC of making "materially false and misleading statements" about its adherence to consent orders issued by federal regulators regarding past practices. Wells Fargo has been subject to regulatory penalties since the revelation in 2016 that the bank had opened millions of unauthorized customer accounts.
To avoid protracted litigation, Wells Fargo has agreed to settle with shareholders, reaching a substantial $1 billion resolution.
Any Investor who purchased $WFC between February 2018 and March 2020 may be eligible for a payout.
For questions please contact George Scott - [email protected]
Alleged Offence
Mismanagement,
Misleading Statements,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Other
Security Type
Stocks
Trade Direction
Long
Case number
1:20-cv-04494-GHW-SN
Lead plaintiff
Handelsbanken Fonder AB; Public Employees’ Retirement System of Mississippi, State of Rhode Island, Office of the General Treasurer; Louisiana Sheriffs’ Pension & Relief Fund
Attorney
Cohen Milstein Sellers & Toll PLLC, Bernstein Litowitz Berger & Grossmann LLP
Defendants
Timothy J. Sloan, John R. Shrewsberry, C. Allen Parker, Elizabeth “Betsy” Duke
Court
Southern District of New York
Judge
Hon. Gregory H. Woods
Administrator
EPIQ
+$1,000,000,000
Total Settlement Amount