Governance & Derivative

Wells Fargo & Company (NYSE: WFC)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Wells Fargo & Company (NYSE: WFC).

Already facing the fallout from an earlier series of scandals as well as an asset cap mandated by the Federal Reserve, throughout 2020, the Company disclosed a series of disappointing financial results due in part to continued deterioration in the Company’s credit portfolio including taking increasingly massive provision expenses to account for expected credit delinquencies and significantly slashing its dividend.

The Company has been sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws, which remains ongoing.
KSF’s investigation is focusing on whether Wells Fargo’s officers and/or directors breached their fiduciary duties to Wells Fargo’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Wells Fargo shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.