LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Wells Fargo & Company (“Wells Fargo” or the “Company”) (NYSE: WFC) investors concerning the Company and its officers’ possible violations of federal securities laws for failing to disclose to investors significant regulatory risk. To obtain information or aid in the investigation, please visit the Wells Fargo investigation page on our website at www.glancylaw.com/case/wells-fargo-company.
On February 2, 2018, the U.S. Federal Reserve announced "that it would restrict the growth of [Wells Fargo] until it sufficiently improves its governance and controls." The Federal Reserve further announced that "Wells Fargo will replace three current board members by April and a fourth board member by the end of the year." On this news, shares of Wells Fargo fell $5.91, or 9.2%, to close at $58.16 on February 5, 2018, thereby injuring investors.
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If you purchased Wells Fargo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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