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
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.
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.
Submit your claim to receive a portion of the $85 million settlement fund.
The deadline to file a claim is April 14, 2026.
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.
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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.
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If you have more questions, please visit the official website of this settlement and contact the claims administrator.
