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Wells Fargo to pay another billion-dollar settlement

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Banking, Case Law

Monday, May 22, 2023

Wells Fargo entered into a preliminary settlement agreement with shareholders as part of a class action lawsuit related to misleading information Wells Fargo provided regarding its response to the creation of fake accounts – which was made public in 2016 – and resulted in nearly $200 million in fines from regulators. Read on for more details.

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