The deal is expected to benefit more than 400,000 people who invested in Wells Fargo target date funds through the company’s $40 billion 401(k) plan. The settlement amount represents 40% of the plan participants’ estimated damages, according to the filing.
The settlement, filed April 1 in the U.S. District Court for the District of Minnesota, comes one year after Judge ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.