June 05, 2023
Investors suing Wells Fargo over a diversity hiring policy that allegedly led to sham job interviews at the bank urged a California federal judge on Friday to allow their case to proceed, saying they have plausibly pled claims for securities fraud based on how the policy was glowingly pitched to the market.
April 04, 2023
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.
November 14, 2022
A California federal judge on Monday appointed Kessler Topaz Meltzer & Check LLP as class counsel in a proposed investor class action accusing Wells Fargo of conducting fake job interviews to satisfy internal diversity guidelines.
August 30, 2022
Four firms including Saxena White PA have submitted competing bids to serve as lead counsel in a proposed investor class action accusing Wells Fargo of conducting fake job interviews to satisfy internal diversity guidelines.
June 29, 2022
Wells Fargo has been hit with a proposed investor class action tied to allegations that the bank conducted fake job interviews to satisfy internal diversity guidelines, a claim that is also fueling a top Democratic lawmaker's call for a regulatory crackdown on the bank to end its "pattern of bad behavior."