Class Certification Granted In Stock Loss Suit Over ‘Sham’ Wells Fargo Interviews

( April 30, 2025, 3:06 PM EDT) -- OAKLAND, Calif. — A federal judge in California granted class certification to a group of shareholders in their suit against Wells Fargo & Co. and certain of its executives after 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 stock value, finding that the shareholders satisfied Federal Rule of Civil Procedure 23’s class certification requirements....