Search for: "Wells Fargo Asset Securities Corporation "
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23 Jan 2024, 9:01 pm
The high-profile securities class actions resolved in 2023 include two against Wells Fargo for an aggregate value of $1.3 billion, as well as a $450 million settlement with Kraft Heinz. [read post]
29 Nov 2023, 9:01 pm
Digital Assets Following the growth of the SEC’s Crypto Assets and Cyber Unit last year, FY 2023 was a busy year for the Commission in the digital asset space. [read post]
15 Nov 2023, 6:26 am
For example: Twenty-five advisory firms, broker-dealers, and/or credit rating agencies, including Wells Fargo, HSBC, and Scotia Capital, agreed to pay combined civil penalties totaling more than $400 million to settle charges that they violated the recordkeeping requirements of the federal securities laws; and ABB Ltd., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery… [read post]
14 Nov 2023, 9:01 pm
For example: Twenty-five advisory firms, broker-dealers, and/or credit rating agencies, including Wells Fargo, HSBC, and Scotia Capital, agreed to pay combined civil penalties totaling more than $400 million to settle charges that they violated the recordkeeping requirements of the federal securities laws; and ABB Ltd., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery scheme. [read post]
9 Aug 2023, 4:37 am
“Other banks face problems similar to those of Wells Fargo. [read post]
5 Jul 2023, 9:01 pm
Mar. 15, 2023), in which shareholders relied on 220 Demand documents to allege that the Wells Fargo board ignored “pervasive issues of discrimination” that resulted in multiple scandals, including allegations that the bank held fake interviews with minority candidates. [read post]
31 May 2023, 9:01 pm
With this newly announced settlement, Wells Fargo will have paid a total of $2.2 billion across five other securities-related class action settlements and one SEC Fair Fund from the past 12 years. [read post]
16 May 2023, 1:26 pm
This latest settlement is far from the first jumbo corporate and securities lawsuit settlement that Wells Fargo has had to pay as a result of the bank’s phony account scandal and the ensuing consequences. [read post]
14 Apr 2023, 5:01 am
As Van Loo notes, despite having federal examiners on-site year-round, Wells Fargo employees opened millions of unauthorized accounts in customers’ names for years. [read post]
27 Feb 2023, 6:01 am
” “Finra’s audit committee had in February 2022 tapped Lowenstein Sandler, LLP, to review its arbitration processes after allegations arose in a Georgia state court case about an improper side deal that allowed a lawyer representing Wells Fargo to rig the regulator’s arbitrator selection process. [read post]
3 Jan 2023, 1:47 pm
Several different types of lawsuits contributed to the overall number of securities suit filings in 2022, particularly the numbers of securities lawsuit filings relating to SPACs, relating to COVID-19, and relating to cryptocurrency and other digital assets. [read post]
5 Sep 2022, 8:08 am
Although this situation arguably was unusual in that the SPAC held a valuable financial asset beyond the trust funds, it could well be that there are other circumstances involved with SPAC liquidations that could give rise to litigation as well. [read post]
29 Aug 2022, 1:04 pm
As I have noted on this site, in recent months shareholder claimants have initiated securities class action lawsuits against, for example, Unilever (discussed here) and Wells Fargo (discussed here) based on the companies’ ESG activities. [read post]
6 Jun 2022, 7:06 am
ZTE Corporation’s plea agreement also required the company to submit to three years of corporate probation and corporate compliance monitoring. [read post]
17 Dec 2021, 11:17 am
There were millions of customers signing up … and they had billions of dollars of assets on their (platforms),’” Cuy Sheffield, Visa Inc. [read post]
17 Dec 2021, 11:17 am
There were millions of customers signing up … and they had billions of dollars of assets on their (platforms),’” Cuy Sheffield, Visa Inc. [read post]
29 Oct 2021, 9:01 am
Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in an interview on Monday that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets. [read post]
29 Oct 2021, 9:01 am
Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in an interview on Monday that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets. [read post]
11 Jun 2021, 9:20 am
Marqeta’s IPO was priced well above its target price range of $20 to $24 per share. [read post]
19 May 2021, 1:55 pm
These companies are Carnival Corporation, Norwegian Cruise Line Holdings, Occidental Petroleum, Royal Caribbean Cruises, Tyson Foods, and Wells Fargo. [read post]
