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Wells Fargo To Settle Investors' 'Sham' Hiring Case For $85M

By Jessica Corso · October 16, 2025, 4:46 PM EDT

Wells Fargo & Co. has agreed to pay $85 million to exit an investor class action accusing it of conducting "sham" job interviews to meet diversity quotas, settling a yearslong dispute...

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Documents

Settlement

Case Information

Case Title

SEB Investment Management AB et al v. Wells Fargo & Company et al

Case Number

3:22-cv-03811

Court

California Northern

Nature of Suit

Securities/Commodities

Date Filed

June 28, 2022

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