Wells Fargo Securities Class Action 2024. If you had a wells fargo account between 2011 and 2022, you might be one of the 16 million customers who qualify for damages. Wells fargo has agreed to pay $1 billion to settle a class action lawsuit that accuses the bank of hurting investors by overstating how much progress it made fixing up its practices in the.

(i) wells fargo had misrepresented its commitment to diversity in the company’s workplace; The action alleges that wells fargo issued false and misleading statements to investors regarding the status of wells fargo’s compliance with regulatory consent orders requiring the bank to remedy serious risk management deficiencies.