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Wells Fargo Subsidiary May Get Dropped From Suit

Law360 (November 13, 2006, 12:00 AM EST) -- A class action lawsuit against a subsidiary of Wells Fargo & Co. will not go forward unless some of its mutual fund customers come forward by the end of this week, a law firm said Monday.

Gutride Safier LLP needs additional clients of stockbroker H.D. Vest Investment Services to come forward to keep alive an aspect of the suit, originally filed in November 2005.

The suit alleges a pattern of conflicts of interest and excessive fees in a kickback scheme involving the mutual fund business of...
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