September 08, 2023
A New York federal judge on Friday signed off on a massive $1 billion deal between Wells Fargo and its shareholders, terminating a three-year legal battle accusing the bank of misleading investors about the progress it was making in overhauling its internal compliance program in an effort to get out from under government scrutiny.
August 21, 2023
A jump to Debevoise & Plimpton LLP by counsel for Wells Fargo's former CEO prompted Manhattan U.S. District Judge Gregory H. Woods to recuse himself from class litigation against the bank with a $1 billion settlement pending, the case's new judge said Monday.
August 07, 2023
Wells Fargo investors' counsel asked a New York federal judge Friday to approve their $180 million fee request, representing 18% of a $1 billion settlement to resolve claims the bank misrepresented its progress overhauling internal controls and compliance.
May 16, 2023
Wells Fargo has agreed to pay $1 billion to settle a proposed class action accusing it of misrepresenting its progress overhauling its internal controls and compliance, striking an all-cash deal with investors that would rank among the largest securities settlements of all time.
January 25, 2021
Wells Fargo asked a New York federal judge on Friday to dismiss a lawsuit that, according to the bank, relies on "tiny snippets" of statements about the bank's regulatory compliance efforts to manufacture securities claims.
August 31, 2020
Bernstein Litowitz Berger & Grossmann LLP and Cohen Milstein Sellers & Toll PLLC won their bid to lead a proposed securities class action over Wells Fargo's allegedly woeful progress on overhauling its risk management policies.