Wells Fargo Investors May Have Legal Claims – WFC
Date10 Jan 2023//
CategoriesBlog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Wells Fargo & Company (“Wells Fargo”) (NYSE: WFC) breached their fiduciary duties to Wells Fargo and its shareholders.
The investigation concerns whether the board of directors or senior management of Wells Fargo failed to manage Wells Fargo in an acceptable manner, in breach of their fiduciary duties to Wells Fargo, and whether Wells Fargo and its shareholders have suffered damages as a result.
On December 20, 2022, the U.S. Consumer Financial Protection Bureau (“CFPB”) announced it had ordered Wells Fargo to pay $3.7 billion in penalties and consumer payments for charging illegal fees and interest on auto and mortgage loans.