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

  1. August 15, 2023

    Wells Fargo Pans Suit Alleging 'Sham' Diversity Interviews

    Wells Fargo urged a San Francisco federal judge on Tuesday to toss a proposed investor class action alleging the bank conducted "sham" job interviews to satisfy stated diversity goals, saying the plaintiffs didn't show that company statements about the diversity program were false or that executives knew of the alleged wrongdoing.

  2. July 18, 2023

    Wells Fargo Says Investors 'Made Up' Key Sham Hiring Claim

    Wells Fargo has urged a San Francisco federal judge to toss a proposed investor class action alleging the bank interviewed job candidates for filled roles to satisfy its own diversity initiative criteria, arguing that the investors "made up" their allegation that more than 25 sources have confirmed the sham interviews were a systemic issue.

  3. June 05, 2023

    Investors Defend Wells Fargo Suit Over Diversity Hiring Policy

    Investors suing Wells Fargo over a diversity hiring policy that allegedly led to sham job interviews at the bank urged a California federal judge on Friday to allow their case to proceed, saying they have plausibly pled claims for securities fraud based on how the policy was glowingly pitched to the market.

  4. April 04, 2023

    Wells Fargo Decries Lawsuit Over Diversity Hiring Goals

    Wells Fargo & Co. has asked a California federal judge to toss a lawsuit alleging it deceived investors with false promises to interview diverse job candidates, saying the proposed class hasn't proved that company leadership knew about "isolated" incidents in which fake interviews were allegedly conducted.

  5. November 14, 2022

    Kessler Topaz To Lead Wells Fargo Investor Suit Over Hiring

    A California federal judge on Monday appointed Kessler Topaz Meltzer & Check LLP as class counsel in a proposed investor class action accusing Wells Fargo of conducting fake job interviews to satisfy internal diversity guidelines.

  6. August 30, 2022

    4 Firms Vie To Lead Wells Fargo Investor Suit Over Hiring

    Four firms including Saxena White PA have submitted competing bids to serve as lead counsel in a proposed investor class action accusing Wells Fargo of conducting fake job interviews to satisfy internal diversity guidelines.

  7. June 29, 2022

    Wells Fargo Faces Top Dem's Wrath, Investor Suit Over Hiring

    Wells Fargo has been hit with a proposed investor class action tied to allegations that the bank conducted fake job interviews to satisfy internal diversity guidelines, a claim that is also fueling a top Democratic lawmaker's call for a regulatory crackdown on the bank to end its "pattern of bad behavior."