August 30, 2016
A class of Wells Fargo shareholders who reached a $75 million settlement with the bank in 2011 over a subsidiary's alleged securities law violations asked a New York federal court Monday for clearance to donate unclaimed funds to the National Consumer Law Center.
December 02, 2011
Wells Fargo & Co. will pay $75 million to settle shareholders' class action allegations in New York federal court that Wachovia Corp. violated securities law by misrepresenting mortgage-based holdings after acquiring a California-based mortgage lender in 2006, a Wells Fargo spokesman said Friday.