Fed Defends Ex-Wells Fargo Exec's Golden Parachute Denial

By Sarah Jarvis · February 23, 2026, 9:23 PM EST

The Federal Reserve urged a California federal court to uphold its denial of a former Wells Fargo anti-money laundering executive's bid for a "golden parachute" payout of over $450,000, arguing he...

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Documents

Case Information

Case Title

Richards v. Board of Governors of the Federal Reserve System

Case Number

3:25-cv-03915

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

May 05, 2025