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Wells Fargo Investor Sues Over 'Culture Of Lawlessness'

Law360 (May 18, 2018, 10:36 PM EDT) -- A Wells Fargo & Co. shareholder has accused CEO Timothy Sloan, Chair Elizabeth Duke and other top brass of having enabled a “culture of lawlessness” at the bank in a derivative suit filed Thursday, the same day that new allegations emerged about a problem in the bank’s wholesale division.

Shareholder Timothy Himstreet’s complaint, filed in California federal court, catalogs the string of scandals that have plagued the San Francisco-based bank since regulators accused it in 2016 of having created millions of fraudulent deposit and credit card...
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