$480M Securities Fraud Settlement Gets Preliminary Approval; Class Certified

Mealey's (September 5, 2018, 2:20 PM EDT) -- SAN FRANCISCO — A federal judge in California on Sept. 4 granted preliminary approval of a $480 million securities class action settlement against Wells Fargo & Co., ruling that the settlement has met all statutory requirements for initial approval (Gary Hefler, et al. v. Wells Fargo & Co., et al., No. 16-5479, N.D. Calif., 2018 U.S. Dist. LEXIS 150292)....