Purple Mountain Trust v. Wells Fargo & Company et al

  1. August 17, 2023

    Wells Fargo Investors' Attys Get $75M As Insurance Deal OK'd

    A California federal judge granted final approval at a hearing Thursday to a $300 million settlement resolving investor claims that they were harmed when Wells Fargo allegedly hid misconduct in its auto insurance practices, including $75 million in fees for the plaintiffs' attorneys.

  2. February 07, 2023

    Wells Fargo Investors Ink $300M Deal In Auto Insurance Suit

    A class of Wells Fargo investors urged a California federal judge on Tuesday to sign off on a $300 million settlement resolving claims that they were harmed when the bank allegedly hid misconduct in its auto insurance practices.

  3. August 16, 2022

    Wells Fargo Investors Nab Cert. In Auto Insurance Suit

    A federal judge in San Francisco has certified a class of Wells Fargo investors who claim they were harmed when the bank allegedly hid misconduct in its auto insurance practices.

  4. March 04, 2021

    Wells Fargo Fights Bid To Reveal Atty Docs In Stock-Drop Row

    Wells Fargo has urged a California federal court overseeing a putative securities fraud class action to reject a request by investors that the bank reveal communications it had with Gibson Dunn, arguing that the documents are protected by attorney-client privilege.

  5. January 13, 2020

    Wells Fargo Dodges Most Of Auto Insurance Stock-Drop Suit

    A California federal judge said Friday that Wells Fargo and its former CEO Timothy Sloan will have to face at least some of a proposed securities fraud class action that alleges misconduct in the bank's auto loan insurance practices was concealed from investors.

  6. November 05, 2018

    Wells Fargo Seeks To Ax Auto Insurance Stock-Drop Suit

    Wells Fargo urged a California federal judge Friday to toss a proposed class action accusing the bank of having kept investors in the dark about its alleged foisting of unnecessary insurance on some auto loan customers, arguing that no duty to disclose the issue sooner has been shown and that the bank's statements about its transparency efforts were "corporate puffery."