NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until August 14, 2020 to file lead plaintiff applications in securities class action lawsuits against Wells Fargo & Company (NYSE: WFC), if they purchased the Company’s shares between February 2, 2018 and March 10, 2020, inclusive (the “Class Period”). These actions are pending in the United States District Courts for the Northern District of California and Southern District of New York.
Wells Fargo investors should visit us at https://www.claimsfiler.com/cases/view-wells-fargo-amp-company-securities-litigation-2 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuits
Wells Fargo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 10, 2020, it was revealed that the U.S. House Financial Services Committee had requested a U.S. Department of Justice investigation the Company’s former CEO for providing false statements in public testimony relating to its compliance with Consent Orders entered into with the Federal Reserve System and the Office of the Comptroller of the Currency and its progress in developing and implementing effective and meaningful reforms.
On this news, the price of Wells Fargo’s shares plummeted more than 20% over two trading days, from $34.63 per share to $27.20 per share.
The first-filed case is Perry v. Wells Fargo & Company, et al, No. 20-cv-0 4494.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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