January 31, 2024
Wells Fargo urged a California federal judge on Tuesday to toss a proposed securities class action alleging the bank conducted sham interviews to meet diversity targets triggering a stock drop when the truth came to light, arguing there may have been preferred candidates, but that doesn't mean the interviews were "kabuki."
May 16, 2023
Wells Fargo may have agreed to pay a whopping $1 billion in cash to resolve investor claims that it overstated its progress in fixing internal controls and compliance problems, but the scandal-plagued bank still faces a mountain of ongoing regulatory investigations and litigation.
April 04, 2023
Wells Fargo & Co. has asked a California federal judge to toss a lawsuit alleging it deceived investors with false promises to interview diverse job candidates, saying the proposed class hasn't proved that company leadership knew about "isolated" incidents in which fake interviews were allegedly conducted.