Asbestos Workers Philadelphia Pension Fund et al v. Scharf et al

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Case overview

Case Number:

3:23-cv-01168

See also:

Court:

California Northern

Nature of Suit:

Stockholders Suits

Multi Party Litigation:

Derivative Litigation

Judge:

Trina L Thompson

Firms

Companies

Sectors & Industries:

  1. June 23, 2023

    Wells Fargo Investors Fight To Keep Hiring Scheme Suit Alive

    Shareholders who claim Wells Fargo directors breached their fiduciary duties by allowing a botched diverse hiring initiative urged a federal judge on Friday not to nix their derivative suit, arguing the individual board members knew about the disingenuous hiring process the company is accused of implementing.

  2. May 23, 2023

    Wells Fargo Wants Suit Over Diverse Hiring Practices Canned

    Wells Fargo wants to shed a shareholder derivative action accusing its brass of breaching their fiduciary duties after media reports claimed the banking giant botched a hiring initiative aimed at promoting diversity by interviewing "diverse" candidates for jobs that had already been filled.

  3. March 16, 2023

    Minorities Face Bias At Wells Fargo, Derivative Suit Says

    Wells Fargo shareholders have claimed that the diversity, equity and inclusion efforts of the bank's board have failed, alleging that Wells Fargo discriminates against minority job applicants, employees and borrowers.