April 26, 2018
A proposed class of financial advisers asked a California federal court Thursday for preliminary approval of a $9.5 million settlement that Wells Fargo has agreed to pay to end an action alleging the bank did not properly reimburse business expenses or pay commissions on time.
February 16, 2016
A California federal judge has thrown out claims that Wells Fargo violated the Fair Labor Standards Act by classifying its financial advisers as exempt from overtime, ruling Tuesday the advisors' own testimony established they were exempt.
January 28, 2016
A California federal judge said Thursday she'd likely throw out claims that Wells Fargo violated the Fair Labor Standards Act by classifying its financial advisers as exempt from overtime, saying the plaintiffs' own deposition testimony suggests they're exempt.
November 20, 2015
A Wells Fargo & Co. unit accused of misclassifying thousands of financial advisers told a California federal court Thursday not to certify a putative Fair Labor Standards Act collective action, calling the suit "outlandish" and inefficient, while arguing that the lead plaintiff "knows nothing" about what other advisers do.