Investors Seek Approval Of $240M Settlement In Wells Fargo Derivative Suit

Mealey's (March 4, 2019, 2:04 PM EST) -- SAN FRANCISCO — The co-lead plaintiffs in a shareholder derivative lawsuit against 20 Wells Fargo & Co. officers and directors asked a federal judge in California in a Feb. 28 motion to grant preliminary approval of a proposed $240 million settlement, claiming that the proposed settlement is fair, reasonable and accurate (In re Wells Fargo & Co. Shareholder Derivative Litigation, No. 16-5541, N.D. Calif.)....