Judge Dismisses Securities Suit Against Wells Fargo Over Alleged Sham Interviews

(August 30, 2023, 7:37 AM EDT) -- OAKLAND, Calif. — A federal judge in California dismissed without prejudice a securities complaint against Wells Fargo & Co. filed by investors who claimed that the company misrepresented its diversity hiring practices, which led to a drop in stock value, after finding that the investors had failed to meet the requirements of falsity and scienter regarding the allegedly misleading statements....