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In re Wells Fargo & Company Shareholder Derivative Litigation

  1. April 19, 2021

    9th Circ. OKs $52M Fee For Attys In Wells Fargo Suit

    The Ninth Circuit has affirmed a lower court's $52 million award to the legal team representing shareholders in a derivative action against the brass at Wells Fargo claiming they were responsible for employees creating unauthorized customer accounts to help meet aggressive sales goals.

  2. June 28, 2019

    Attys Seek $68M Award In Wells Fargo Fake Account Suit

    Lieff Cabraser and Saxena White attorneys representing Wells Fargo investors in their derivative suit over fake accounts have asked a California federal court for a $68 million cut of the $240 million settlement they negotiated to resolve the claims.

  3. May 14, 2019

    $240M Wells Fargo Derivative Suit Deal Gets Judge's 1st OK

    A proposed $240 million settlement that would end derivative litigation over Wells Fargo's fake accounts scandal moved one step closer to the record books on Tuesday as a California federal judge granted preliminary approval to the deal between investors in the bank and its current and former top brass.

  4. March 21, 2019

    $240M Wells Fargo-Investor Deal Missing Key Factor: Judge

    A California federal judge on Wednesday told investors he needed more information to evaluate their proposed $240 million settlement with Wells Fargo & Co. executives over how the bank's fabricated accounts scandal affected its reputation, finances and stock prices.

  5. March 01, 2019

    Wells Fargo Investors Reach $240M Deal Over Fake Accounts

    Wells Fargo & Co. shareholders have asked a California federal judge to approve a record $240 million deal with the bank's executives in what they said was the largest ever insurer-funded cash settlement in a derivative suit to resolve claims over the bank's fraudulent account scandal.

  6. October 05, 2017

    Judge Lets Most Of Wells Fargo Derivative Suit Proceed

    A California federal judge on Wednesday gave a green light to the bulk of a derivative suit brought against current and former top brass of Wells Fargo & Co. over the bank's fraudulent account scandal, shaving off just a sliver of the shareholders' claims.

  7. July 06, 2017

    Wells Fargo Shareholders Defend Derivative Suit Claims

    The Wells Fargo shareholders behind a derivative suit over the bank's fraudulent account scandal urged a California federal court Wednesday to deny efforts by the bank's current and former officers and directors to trim the suit's claims against them.

  8. June 06, 2017

    Wells Fargo Board Wants Fed. Claims Cut From Derivative Suit

    Wells Fargo & Co.'s independent directors on Monday asked a federal judge in California to dismiss all federal claims brought in a derivative suit over the bank's fraudulent account scandal.

  9. May 05, 2017

    Judge Allows Suit Against Wells Fargo's Board To Press On

    A federal judge in California on Thursday allowed a shareholder derivative suit against Wells Fargo & Co. and current and former members of its board of directors to move forward, saying that the plaintiffs had sufficiently alleged that the board ignored evidence of unauthorized account generation.

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