Wells Fargo agrees to pay $1B to settle shareholders’ class-action lawsuit 

A JUDGE on Tuesday granted preliminary approval of a deal under which Wells Fargo will pay $1 billion to settle a class-action lawsuit filed by shareholders. The shareholders alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal that came to light in 2016. / ASSOCIATED PRESS FILE PHOTO / MARK LENNIHAN
WASHINGTON (AP) – Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal came to light in 2016.  The class-action lawsuit was filed on behalf of hundreds of thousands of…

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