LOS ANGELES–(BUSINESS WIRE) – Schall law firm, a national shareholder law firm, has filed a class action lawsuit against Wells Fargo & Company ("Wells Fargo" or "the company") (NYSE: WFC) for violations of Sections 10 (b) and 20 (a) the 1934 Securities Exchange Act and Rule 10b-5 published by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 2, 2018 and March 10, 2020 (including the "Class Period") are requested to contact the company before August 10, 2020.
If you are a shareholder who has suffered a loss, click here to participate.
We also recommend that you contact Brian Schall of the Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the company's website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you take no action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements about the market. Wells Fargo failed to maintain adequate internal controls over financial reporting. The company has failed to comply with the 2018 regulatory approvals issued against it. The remedial measures developed by the company were not sufficient to prevent further abuse by consumers. These remedies could not protect the company's customers from consumer fraud. Based on these facts, the company's public statements throughout the teaching period were incorrect and essentially misleading. When the market learned the truth about Wells Fargo, investors suffered damage.
Join the case to make up for your losses.
The law firm Schall represents investors all over the world and specializes in class actions and shareholder litigation.
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