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8 Dec 2023, 4:00 am
To reiterate her point, Williams cited a case settled earlier this year in which Wells Fargo agreed to pay $1 billion to settle a class-action lawsuit from investors who alleged the banking company made misleading statements about compliance with consent orders imposed by federal regulators.As reported in May, Wells Fargo investors had alleged the bank lied that it was “in compliance” with court orders in enforcement actions, when in fact the… [read post]
25 Sep 2013, 1:08 am
-Listed Chinese Companies: As has been well-noted (on this site and elsewhere), in 2011 and 2012, plaintiffs’ lawyers filed a host of securities class action lawsuits against U.S. [read post]
27 Feb 2020, 9:21 am
On Feb. 12, Wells Fargo said it was ending mandatory arbitration for sexual harassment claims following feedback from stakeholders, including Clear Yield Asset Management, which had submitted a proposal…” [read post]
17 Feb 2012, 1:17 pm
Wells Fargo debt collectors began harassing her with telephone calls and threatening to take legal action. [read post]
22 Aug 2011, 12:45 pm
A 49-year-old Fargo man died after becoming pinned under a large metal bin while working at Butler Industries, a manufacturing and distributing company of agricultural equipment. [read post]
10 Dec 2014, 4:48 pm
Eight U.S. firms would currently be identified as GSIBs under the proposal: Bank of America Corporation, The Bank of New York Mellon Corporation, Citigroup Inc., The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, and Wells Fargo & Company…The proposal builds on a GSIB capital surcharge framework agreed to by the Basel Committee on Banking Supervision (BCBS), augmented to address risks to U.S. financial stability. [read post]
5 Oct 2011, 7:04 am
Two financial companies that are big in Des Moines have just come to grief in tax shelter litigation. [read post]
17 Nov 2010, 4:01 pm
Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation (NYSE: BAC), Wells Fargo & Company (NYSE: WFC), JPMorgan Chase & Co. [read post]
17 Jan 2020, 11:15 am
Supreme Court hears a pair of appeals in trademark cases and seems eager to overturn lower court rulings in both; Federal Circuit Judge Pauline Newman dissents on a pair of precedential decisions issued by the CAFC; tech giant Alphabet is the fourth U.S. tech company to hit a $1 trillion market capitalization; China announces that it received 1.401 million invention patent applications during 2019; Ed Sheeran loses a motion to compel and must disclose concert revenue information in… [read post]
12 Oct 2009, 11:39 am
Wells Fargo Constr. 907 N.E.2d 1038 (Ind. [read post]
26 Jul 2013, 2:13 pm
Genesco obtained an assignment from Wells Fargo of all rights/claims Wells Fargo had as to Visa. [read post]
31 May 2016, 1:36 pm
The CFPB did not disclose how they became aware of this matter or if it was self-reported by Wells Fargo but it does dispel any notion that the CFPB only targets large companies for activities they believe violate RESPA and/or UDAAP. [read post]
7 Jul 2011, 11:19 pm
Morgan Chase, Wells Fargo, Ally Financial (formerly GMAC), Citigroup and Bank of (everything in) America. [read post]
7 Jul 2011, 11:19 pm
Morgan Chase, Wells Fargo, Ally Financial (formerly GMAC), Citigroup and Bank of (everything in) America. [read post]
18 May 2010, 3:00 am
Mussell, Senior Counsel in Intellectual Property Group, Wells Fargo The FTC recently completed its first investigation under the “Guides Concerning the Use of Endorsements and Testimonials in Advertising” See guidelines here. [read post]
16 Nov 2023, 10:30 am
Following this lawsuit, along with the overwhelming impact of George Floyd’s death in 2020, many companies, including Wells Fargo, issued a “diverse slate” policy, otherwise known as a diverse search requirement. [read post]
20 Nov 2016, 5:17 pm
Coffee cites the Wells Fargo clawback provisions as “a model,” and indeed the clawback provisions did allow Wells Fargo to recoup compensation paid to company executives who presided over programs that harmed the company and damaged its reputation. [read post]
13 Apr 2017, 9:23 pm
Ponce de Leon soon may be ordered reinstated at Wells Fargo — which would follow another high-profile reinstatement ordered last week by the Labor Department, of an unnamed Wells Fargo banker who was awarded $5.4 million in damages and fees for being fired after reporting fraud, the largest such award under SOX. [read post]
11 Jun 2014, 5:13 pm
Wells Fargo CEO John Stumpf received $19.3 million in total compensation to top the list, followed by Capital One‘s Richard Fairbank, who collected $18.3 million. [read post]
1 Apr 2011, 5:00 am
There were sound policy reasons for not challenging the proposal and, in fact, two banks (Wells Fargo and JP Morgan) apparently took that path. [read post]
