$1B Settlement Of Wells Fargo Investors’ Security Class Action Gets Final Approval

(September 15, 2023, 8:49 AM EDT) -- NEW YORK — A federal judge in New York “fully and finally” approved a $1 billion settlement to resolve a securities class action in which investors alleged that Wells Fargo & Co. and several former executives violated federal securities laws by making false and misleading statements about the company’s compliance with consent orders to remedy improper banking procedures, finding the settlement “in all respects, fair, reasonable and adequate to the Settlement Class.”...