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WFC.US
id: 1743
Wells Fargo ($WFC) Investor Settlement
Eligible claimants can submit their claims for compensation.
$85,000,000
Cash SettlementN.D. California
Court3:22-cv-03811
Case number02/24/2021
Class period Start06/09/2022
Class period End04/14/2026
Claim deadlineWells Fargo ($WFC) has reached a settlement with investors over claims that it misled them about its diversity hiring practices and internal controls.
Case Type
US Securities Class Action
Case Status
Accepting Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.056
Filing date
06/28/2022
Plaintiffs
SEB Investment Management AB
Attorneys
Kessler Topaz Meltzer & Check, LLP
Defendants
Charles W. Scharf; Kleber R. Santos
Administrator
A.B. Data Ltd
Court hearing date
05/05/2026
Objection deadline
04/14/2026
Attorney fee
$24,750,000
Trades matching type
FIFO
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