Bernstein Litowitz, Cohen Milstein Tag Team Wells Fargo Suit

By Dean Seal (August 31, 2020, 9:27 PM EDT) -- Bernstein Litowitz Berger & Grossmann LLP and Cohen Milstein Sellers & Toll PLLC won their bid to lead a proposed securities class action over Wells Fargo's allegedly woeful progress on overhauling its risk management policies.

U.S. District Judge Gregory H. Woods on Saturday appointed a set of institutional investors as lead plaintiff in the litigation filed earlier this summer over stock drops that followed a scathing House Financial Services Committee Democrats staff report accusing the bank's top brass of a litany of oversight failures.

Represented by Bernstein Litowitz and Cohen Milstein, the investor set alleged to have lost a collective $39.7...

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