The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Wells Fargo & Company (“Wells Fargo”) (NYSE: WFC) common stock between February 24, 2021 and June 9, 2022, inclusive (the “Class Period”).
Wells Fargo agreed to pay $85,000,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On November 13, 2025, the Court granted Kessler Topaz Meltzer & Check’s, on behalf of the Lead Plaintiff, Motion for Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for May 5, 2026. The settlement website is active and open for claims.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $85,000,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim is April 14, 2026. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.WellsFargoSecuritiesAction.com, or contact the claims administrator, A.B. Data, Ltd., at 1-866-905-8128.
For more information on this case, please visit our website at www.ktmc.com/settled-cases/wells-fargo-seb.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.