Ademi LLP is notifying investors of the August 29, 2022 deadline for motions for Lead Plaintiff in securities fraud claims against Wells Fargo (NYSE: WFC). The class action results from inaccurate statements Wells Fargo may have made regarding its business operations and prospects.
The investigation focuses on whether Wells Fargo properly disclosed that (i) Wells Fargo had misrepresented its commitment to diversity; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) this 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.