Wells Fargo Execs To Face Bulk Of Claims In Shareholder Suit

By Dunstan Prial (February 27, 2018, 10:06 PM EST) -- A California federal judge on Tuesday left intact the bulk of charges levied in a shareholder suit against the current and former top brass of Wells Fargo over the bank's fraudulent account scandal, refusing to dismiss claims against the bank and its former and current CEOs.

U.S. District Judge Jon S. Tigar ruled that the securities fraud complaint largely passed muster despite a raft of dismissal bids filed by the defendants, who include former Wells Fargo & Co. CEO John G. Stumpf, current CEO Timothy Sloan and current CFO John Shrewsberry.

"The court finds that plaintiffs have plausibly alleged that defendants...

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