Recent Securities Litigations
Wells Fargo & Company Common Stock (NYSE: WFC)
According to the Complaint, Wells Fargo & Company is a financial services and bank holding company headquartered in San Francisco, California.
The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Wells Fargo’s business and operations. Specifically, the Complaint alleges that during the Class Period, Defendants misrepresented the value of the Company’s business and prospects by concealing the significant defects in its underwriting and due diligence practices and deficiencies in its commercial credit portfolio and related securitized assets.