Preliminary Approval Of $240M Settlement In Wells Fargo Derivative Suit Granted

Mealey's (May 16, 2019, 1:43 PM EDT) -- SAN FRANCISCO — A federal judge in California on May 14 granted preliminary approval of a proposed $240 million settlement in a shareholder derivative lawsuit against 20 Wells Fargo & Co. officers and directors, ruling that the proposed settlement has met the necessary standards for approval (In re Wells Fargo & Co. Shareholder Derivative Litigation, No. 16-5541, N.D. Calif.)....