Brief

Wells Fargo's $85M 'Sham' Hiring Investor Deal Gets Final OK

By Emilie Ruscoe · May 21, 2026, 6:08 PM EDT

Wells Fargo & Co. and its investors have gotten a final nod for their $85 million deal settling claims the bank conducted "sham" job interviews to meet diversity quotas....

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Case Information

Case Title

SEB Investment Management AB et al v. Wells Fargo & Company et al

Case Number

3:22-cv-03811

Court

California Northern

Nature of Suit

Securities/Commodities

Date Filed

June 28, 2022