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Becker v. Wells Fargo & Co. et al
Case Number:
0:20-cv-02016
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 04, 2022
Wells Fargo Strikes $32.5M Deal In ERISA Self-Dealing Suit
Wells Fargo & Co. agreed to pay $32.5 million to resolve a proposed class action from workers alleging it violated federal benefits law through mismanagement of their employee 401(k) plan, according to a proposed settlement filed in Minnesota federal court.
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May 12, 2021
Wells Fargo Can't Escape ERISA Self-Dealing Suit
Wells Fargo must face a proposed class action accusing it of wrongly including proprietary investment options in its employee 401(k) plan and engaging in prohibited party-in-interest and self-dealing transactions, a Minnesota federal judge ruled Wednesday.