Judge Approves $85M Settlement To End Wells Fargo Stock Loss Class Action

( June 4, 2026, 9:35 AM EDT) -- OAKLAND, Calif. — A federal judge in California granted final approval to an $85 million settlement in a class action brought by investors against Wells Fargo & Company and certain of its executives alleging that news of the company’s practice of using fake interviews to give the impression of complying with internal diversity hiring practices led to a drop in the company’s stock value....