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Wells Fargo agrees to pay $1b to settle lawsuit filed on behalf of R.I. public employees

Por: The Boston Globe Nation May 18, 2023

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WASHINGTON — Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank made misleading statements about its compliance with federal regulators after came to light in 2016.The class-action lawsuit was filed on behalf of hundreds of thousands of public employees of Rhode Island and Mississippi whose retirement funds had invested in Wells Fargo. A federal judge in New York on Tuesday granted... + full article



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