January 06, 2017
A California federal judge has appointed Motley Rice LLC as lead counsel in a proposed shareholder class action alleging that Wells Fargo duped investors and violated federal securities laws by misrepresenting cross-selling activities that led to millions of new, unauthorized customer accounts.
September 26, 2016
Wells Fargo is facing putative class action from shareholders filed Monday in California federal court that alleges the bank duped its investors and violated federal securities laws by misrepresenting its cross-selling activities that resulted in millions of unauthorized accounts opened up in customers' names.