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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Wells Fargo & Company (NYSE: WFC).
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, the U.S. House Financial Services Committee requested that the U.S. Department of Justice investigate the Company’s former Chief Executive Officer for providing false statements in 2019 directly related to the Company’s compliance with Consent Orders reached with the Federal Reserve System and the Office of the Comptroller of the Currency to prevent consumer harm and its progress in developing and implementing effective and meaningful reforms.
On this news, the price of Wells Fargo’s shares plummeted.
If you purchased shares of Wells Fargo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Perry v. Wells Fargo & Company, et al, 1:20-cv-04494.
Click here to read the first filed complaint.