Mealey's ( November 13, 2025, 11:55 AM EST) -- MINNEAPOLIS — Wells Fargo & Co. would pay $84 million to resolve a class action against it and two other defendants under a proposed settlement the plaintiffs on Nov. 12 asked a Minnesota federal court to grant preliminary approval; the Employee Retirement Income Security Act suit challenges how Wells Fargo used dividends of its preferred stock held in its 401(k)’s employee stock ownership plan (ESOP) fund....