Mealey's (May 10, 2022, 1:46 PM EDT) -- SAN FRANCISCO — Dismissal of shareholder claims in a securities class action against Wells Fargo & Co. and certain of its current and former senior executives over alleged misrepresentations the defendants made concerning the company’s underwriting of commercial mortgage-based securities (CMBS) and the financial performance of those CMBS is necessary because the lead plaintiff in the action failed to sufficiently plead falsity in making its federal securities law claims, a federal judge in California ruled May 6....