Banking
Mar. 24, 2023
Wells Fargo, investors reach $300M agreement
If it is approved the settlement, it will rank within the 100 largest settlements for a securities fraud class action.
Wells Fargo & Co. and investors asked a federal judge Thursday for preliminary approval for a $300 million settlement to resolve claims the bank failed to disclose it forced unwanted car insurance onto account holders who had a car loan with the bank.
The bank maintained Thursday that it disagrees with the allegations.
U.S. District Judge James Donato in San Francisco said he would issue a decision on the m...
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