WASHINGTON, Oct. 06, 2016 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP announces that we are investigating Wells Fargo & Company. Wells Fargo & Company (NYSE:WFC) disclosed on September 7, 2016, that the Consumer Financial Protection Bureau had fined the company $100 million for secretly opening over 2 million unauthorized deposit and credit card accounts since 2011 in order to meet performance goals. Wells Fargo’s conduct has also resulted in millions in refunds to affected customers, the initiation of other governmental investigations and sanctions, lawsuits by former employees alleging they were wrongfully terminated, and securities fraud, class action lawsuits. One such class action has already been filed in the Northern District of California – Case 3:16-cv-05479.
Finkelstein Thompson LLP is investigating whether certain officers and directors of Wells Fargo & Company breached their fiduciary duties or committed other violations of law in failing to supervise or maintain adequate internal controls to prevent or to timely discover the opening of the unauthorized deposit and credit card accounts.
If you are interested in discussing your rights as a Wells Fargo shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC office at (202) 337-8000, or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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