Wells Fargo Can't Beat Inflated Stock Option Suit

[Gunnar Larson]

Wells Fargo Can't Beat Inflated Stock Option Suit
<https://www.law360.com/banking/articles/1797576?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-14&read_main=1&nlsidx=0&nlaidx=2>

By Grace Elletson

A Minnesota federal judge on Tuesday rejected Wells Fargo & Co.'s request
to toss a proposed class action claiming the banking giant used its $40
billion employee retirement plan to buy company stock options at an
inflated value to shoulder the company's 401(k) matching burden.

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<https://www.law360.com/banking/articles/1797576?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-14&read_more=1&nlsidx=0&nlaidx=2>
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