Mealey's (March 2, 2018, 10:57 AM EST) -- SAN FRANCISCO — In a Feb. 27 ruling, a federal judge in California ruled that a lead plaintiff has properly pleaded a material misrepresentation, scienter and loss causation against a majority of defendants in a securities class action lawsuit against Wells Fargo & Co. and several of its current and former officers and directors but has failed to plead the necessary elements of its federal securities law claim against others (Gary Hefler, et al. v. Wells Fargo & Co., et al., No. 16-5479, N.D. Calif., 2018 U.S. Dist. LEXIS 31874)....