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Hefler et al v. Wells Fargo & Company et al

  1. December 19, 2018

    $480M Wells Fargo Investor Deal OK'd, Attys Get $96M

    A California federal judge granted final approval to a $480 million settlement resolving investor claims that Wells Fargo & Co. artificially inflated its stock value by opening millions of unauthorized customer accounts and awarded the investors' attorneys nearly $96 million for their efforts.

  2. September 04, 2018

    $480M Wells Fargo Securities Deal Gets 1st OK, Class Cert.

    A California federal judge on Tuesday certified a class of Wells Fargo shareholders who have reached a $480 million deal with the bank, granting preliminary approval to the settlement that could end claims that Wells Fargo artificially inflated its stock value by opening as many as 3.5 million unauthorized customer accounts.

  3. July 31, 2018

    Attys In $480M Wells Fargo Deal Seek Up To $96M In Fees

    Attorneys for investors who reached a preliminary $480 million settlement with Wells Fargo & Co. and its executives to end consolidated securities litigation over millions of unauthorized bank accounts asked a California federal court Tuesday for as much as $96 million in fees.

  4. May 04, 2018

    Wells Fargo Inks $480M Deal In Account Scandal Investor Row

    Wells Fargo & Co. has agreed to pay $480 million to resolve a consolidated securities class action in California federal court alleging fraud and insider trading by the bank's top brass over its yearslong illegal creation of up to 3.5 million unauthorized customer accounts, the bank said Friday.

  5. April 17, 2018

    Wells Fargo Fights Inside Trading Row Over Account Scandal

    Wells Fargo urged a California judge to toss class allegations that its top brass traded on insider information about the bank's yearslong illegal creation of customer accounts, arguing Tuesday that the investors waited too long to sue and have not alleged the accounts scandal drove the trades.

  6. February 27, 2018

    Wells Fargo Execs To Face Bulk Of Claims In Shareholder Suit

    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.

  7. October 19, 2017

    Wells Fargo Says Derivative Ruling Won't Help In Class Action

    Wells Fargo & Co. hit back at arguments by a proposed class of shareholders that the success of another suit against the bank gives them a leg up, telling a California federal judge on Wednesday that the other case was wrongly decided and just different enough to be of no legal use to the investors.

  8. August 22, 2017

    Wells Fargo Investors Defend Fake-Account Fraud Suit

    Wells Fargo & Co. investors alleging the bank's response to its cross-selling scandal amounted to securities fraud asked a California federal court Monday to keep their suit alive, saying investors took the bank's statements about compliance seriously and suffered when the market reacted to the scandal.

  9. June 20, 2017

    Wells Fargo Says Account Scandal Not Securities Fraud

    Wells Fargo & Co. urged a California federal court Monday to toss a proposed class action brought by investors in the wake of the bank's unauthorized-account scandal, arguing that the managerial lapses alleged in the suit are serious but do not add up to securities fraud.

  10. May 17, 2017

    Bernstein Litowitz Bumps Motley Rice In Wells Fargo Case

    An asset management company heading a proposed securities class action alleging that Wells Fargo misrepresented its cross-selling activities has asked a California federal judge for permission to replace Motley Rice LLC with Bernstein Litowitz Berger & Grossmann LLP as lead counsel.

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