Levi & Korsinsky, LLP announces that a WFC class action lawsuit has been filed on behalf of investors who purchased Wells Fargo & Company (WFC) common stock between February 24, 2021 and June 9, 2022. For more on the WFC Lawsuit please contact us today.
According to the Wells Fargo & Company lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(i) Wells Fargo had misrepresented its commitment to diversity in the Company’s workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo’s reputation; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Wells Fargo & Company you have until August 29, 2022 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.