Wells Fargo & Company Class Action Lawsuit - WFC

Company
Wells Fargo & Company (NYSE: WFC)
Lead Plaintiff Deadline
August 3, 2020 (Expired)
Class Period
April 5, 2020 - May 5, 2020

Expired

Lead Plaintiff Deadline

Aug 3, 2020

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Allegations

(i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company’s litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the WFC class action lawsuit, you must have incurred a loss on shares of Wells Fargo purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Wells Fargo during the relevant time frame or pursuant to the relevant offering(s), you have until August 3, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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