Wells Fargo & Company

WFC Long-Term Investor Alert: Johnson Fistel, LLP Investigates Wells Fargo; Should Management be Held Accountable for Investors’ Losses?

SAN DIEGO, October 10, 2020, PRNewswire

Johnson Fistel, LLP is investigating potential claims on behalf of Wells Fargo & Company (“Wells Fargo” or the “Company”) (NYSE: WFC) against certain of its officers and directors.

Earlier this year, a Securities Class Action Complaint was filed on behalf of those who purchased securities of Wells Fargo between February 2, 2018 and March 10, 2020.

According to the lawsuit, Wells Fargo and certain of its executives were charged with failing to disclose material information during the Class Period, violating federal securities laws. On March 10, 2020, it was revealed that the U.S. House Financial Services Committee had requested a U.S. Department of Justice investigation of the Company’s former CEO for providing false statements in public testimony relating to its compliance with Consent Orders entered into with the Federal Reserve System and the Office of the Comptroller of the Currency and its progress in developing and implementing effective and meaningful reforms.

When the true details entered the market, the lawsuit claims that investors suffered damages.

If you are a long-term shareholder of Wells Fargo, you may have standing to hold Wells Fargo harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing [click here to join this action]. There is no cost or obligation to you.

If you are interested in learning more about the investigation, please contact Lead Analyst Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

About Johnson Fistel, LLP:
Johnson Fistel, LLP, is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

[click here to join this action]

  • Plaintiff certifies that:
    • 1. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal or state securities laws.
    • 2. Plaintiff is willing to serve as a representative party, including providing testimony at deposition and trial, if necessary.
    • 3. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    • 4. If a class action is filed, Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    • 5. For purposes of a class action, Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Acquisitions (include: date shares were acquired, number of shares acquired, and acquisition price per share. Separate each item with a comma. For multiple acquisitions, separate each acquisition with a new line):
  • Sales (include: date shares were sold, number of shares sold, and selling price per share. Separate each item with a comma. For multiple sales, separate each sale with a new line.):
  • During the three years prior to the date of this certification, Plaintiff has not sought to serve or be served as a representative party for a class in an action filed under the federal securities law except if detailed below:

Click to view Retention Agreement