Mealey's ( December 9, 2025, 2:02 PM EST) -- MINNEAPOLIS — A Minnesota federal judge on Dec. 8 granted preliminary approval of a settlement under which Wells Fargo & Co. would pay $84 million to resolve a class action against it and two other defendants; the Employee Retirement Income Security Act suit challenges how Wells Fargo used dividends of its preferred stock held in its 401(k)’s employee stock ownership plan (ESOP) fund....