IN RE WELLS FARGO & COMPANY HIRING PRACTICES DERIVATIVE LITIGATION

  1. August 27, 2024

    Wells Fargo Says 'Good Faith' Efforts Ax Investors' Bias Suit

    Wells Fargo & Co. urged a California federal judge Tuesday to toss a derivative lawsuit filed by a putative class of shareholders claiming the bank's board of directors failed to address its discriminatory lending and hiring practices, saying there's evidence of "good-faith" efforts to monitor compliance in those areas.

  2. January 31, 2024

    Wells Fargo Rips Investors' Claim Diversity Goal Was 'Kabuki'

    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."

  3. May 16, 2023

    Despite $1B Deal, Wells Fargo Still Faces Storm Of Litigation

    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.

  4. April 04, 2023

    Wells Fargo Decries Lawsuit Over Diversity Hiring Goals

    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.