Wells Fargo agrees to settle with shareholders for $480M

Posted online May 7, 2018 | 7:29 am

Wells Fargo on Friday agreed to pay a $480 million settlement to shareholders.

Shareholders filed a class-action lawsuit claiming they were harmed by the bank's false statements on its misdeeds.

The settlement, if approved by a federal court, would compensate corporate investors who purchased Wells Fargo stock between February 2014 and September 2016.

Read more from The New York Times.

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