February 13, 2024
A Minnesota federal judge on Tuesday rejected Wells Fargo & Co.'s request to toss a proposed class action claiming the banking giant used its $40 billion employee retirement plan to buy company stock options at an inflated value to shoulder the company's 401(k) matching burden.
September 27, 2022
Former Wells Fargo workers hit the banking giant with a proposed class action claiming it violated federal benefits law by overcharging their 401(k) plan for stock options, two weeks after Wells Fargo agreed to pay $145 million following a U.S. Department of Labor probe into the plan's management.