Wells Fargo Securities Class Action Settlement
Wells Fargo Securities Class Action Settlement
Wells Fargo has agreed to pay $85 million to resolve allegations of misleading statements regarding its "Diversity, Equity and Inclusion" hiring practices and causing shareholder losses because of the false and misleading claims about policies. If you purchased Wells Fargo common stock between February 24, 2021, and June 9, 2022, you may be eligible for a payment.
Settlement Fund:
Pro rata share of $85M
Overview
Wells Fargo Bank has agreed to pay $85 million to settle a lawsuit alleging that Wells Fargo and certain executives violated federal securities laws by making false and misleading statements regarding the company’s diversity hiring initiative, specifically the "Diverse Search Requirement," and causing shareholder losses as a result. Plaintiffs claimed that the company conducted "fake" or "sham" interviews for positions that had already been filled in order to present a false appearance of interviewing diverse candidates.
Eligibility
You may be eligible for benefits if you purchased or otherwise acquired Wells Fargo & Company common stock between February 24, 2021 and June 9, 2022 and were damaged as a result.
Purchased or otherwise acquired Wells Fargo & Company common stock between February 24, 2021, and June 9, 2022, inclusive.
Damaged as a result of the alleged false and misleading statements regarding diversity hiring initiatives.
File Your Claim by April 14, 2026
Submit your claim to receive a portion of the $85 million settlement fund.
The deadline to file a claim is April 14, 2026.
Frequently Asked Questions
Our mission is to help people get the compensation they deserve. We are providing this information and a direct link to the official site to ensure you don't miss out on money you may be owed. However, this will mean that claims submitted for this settlement will not be reviewed, monitored, or have additional support from ClaimsHero.
No. For this claim, we are directing you to the official claims administrator website. There are no fees from ClaimsHero. This is different from our full-service representation campaigns, where we work on a contingency basis, review and monitor the status of your claim, and only get paid if your claim is successful.
Our goal is to raise awareness and guide you to the official claims website. We do not review your claim, handle your documents, monitor the status of your claim, contact you if there are any needed revisions or updates, or represent you in this specific matter. Our goal is to ensure you are provided a path to make your claim.
You must file your claim directly on the official settlement website, which is managed by the court-appointed claims administrator. The only place to submit your claim is through the link provided above.
All questions about your claim must be directed to the claims administrator. Because we simply provide a path to the claims administrator’s website to submit, our support team does not have access to your submission details. You can find their contact information on the official website through the link provided above.
If you have more questions, please visit the official website of this settlement and contact the claims administrator.
