Wells Fargo Inks $84M ERISA Stock Option Suit Deal

By Kellie Mejdrich ( November 12, 2025, 8:17 PM EST) -- Wells Fargo & Co. will pay $84 million to settle a proposed class action alleging the bank used dividends earned by its employee stock ownership plan to meet its 401(k) matching obligations, according to the proposed deal filed Wednesday in Minnesota federal court....

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