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Deadline for Investors in shares of Wells Fargo & Company (NYSE: WFC) in Lawsuit on December 28, 2020 coming up

12-23-2020 09:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on December 28, 2020 in the lawsuit for certain investors in Wells Fargo & Company (NYSE: WFC).

A Deadline is coming up on December 28, 2020 in the lawsuit for certain investors in Wells Fargo & Company (NYSE: WFC).

A deadline is coming up on December 28, 2020 in the lawsuit filed for certain investors of Wells Fargo & Company (NYSE: WFC).

Investors who purchased shares of Wells Fargo & Company (NYSE: WFC) have certain options and there are strict and short deadlines running. Deadline: December 28, 2020. NYSE: WFC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Wells Fargo & Company (NYSE: WFC) common shares between October 13, 2017 and October 13, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 13, 2017 and October 13, 2020, the defendants reassured investors that Wells Fargo’s commercial credit portfolios were of exceptional credit quality and the product of robust, industry-leading underwriting and due diligence policies and procedures, that in truth, however, Wells Fargo fueled its rapid commercial loan growth by lending to businesses that posed a heightened risk of default, that Wells Fargo systematically concealed these credit risks by artificially inflating the incomes generated by borrowing businesses, relaxing or failing to follow applicable underwriting procedures, and circumventing applicable risk controls, and that Wells Fargo exacerbated the threat posed by its defective commercial debt by packaging the loans into CLOs and CMBS and widely distributing these securitized products throughout the financial system.

Those who purchased shares of Wells Fargo & Company (NYSE: WFC) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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