NEW
YORK, July 29, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Wells Fargo & Company
(NYSE: WFC).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/wfc-lawsuit-loss-submission-form/?id=30349&from=4
This lawsuit is on behalf of persons and entities that purchased
or otherwise acquired Wells Fargo common stock between February 24, 2021 and June
9, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 29, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Wells Fargo & Company issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Wells Fargo had misrepresented its commitment to
diversity in the Company's workplace; (ii) Wells Fargo conducted
fake job interviews in order to meet its Diverse Search
Requirement; (iii) the foregoing conduct subjected Wells Fargo to
an increased risk of regulatory and/or governmental scrutiny and
enforcement action, including criminal charges; (iv) all of the
foregoing, once revealed, was likely to negatively impact Wells
Fargo's reputation; and (v) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law