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Banking

Oct. 14, 2016

Wells Fargo CEO's resignation will not affect lawsuits, plaintiffs' attorney says

The resignation of Wells Fargo & Co. CEO and executive chairman John Stumpf on Wednesday will not affect lawsuits by plaintiffs against the bank, plaintiffs' attorney Joseph W. Cotchett of Cotchett, Pitre & McCarthy LLP said.

By Logan Noblin
Daily Journal Staff Writer

The resignation of Wells Fargo & Co. CEO and executive chairman John Stumpf on Wednesday will not impact lawsuits by plaintiffs against the bank, plaintiffs' attorney Joseph W. Cotchett of Cotchett, Pitre & McCarthy LLP said.

Stumpf will retire effective immediately, the company announced, in the midst of a scandal that has left the nation's most profitable bank reeling.

"While I ...

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