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a. Rollover forms in the Wells Fargo lawsuit settlement are due July 21, 2022. Wells Fargo & Co. exercises specific and fi nancial control over the operations of Defendant Wells Canadian Imperial Holdings Inc. and CIBC World Markets Corp. CIHC, Inc., Conseco Services, LLC, and Conseco Equity Sales, Inc. Citigroup Alternative Investments LLC and Citigroup Global Markets Inc. Clayborne Group, LLC and Dean A. Heinemann. See also Archive of Terminated Fair Funds and Disgorgement Plans. In re Wells Fargo Collateral Protection Insurance Litigation, Case No. Those Who Purchased or Acquired Wells Fargo Common Stock, Traded on the SEC Fair Fund Settlements Add to Investor Recoveries - ISS Insights SEC's Investigation into Wells Fargo Concludes with Actions Against "Net Available Fair Fund" shall mean the assets of the Fair Fund, plus accrued interest or earnings, less amounts expended or reserved for tax obligations and any BFS fees. If you receive a check from this distribution, please cash it promptly. As reminder to the background, Wells Fargo executives were accused of providing pressure to its rank-and-file bank personnel to actively cross-sell products in an effort to boost sales and revenue (and meet new account quotas). (Prior to the creation of a Fair Fund in Sarbanes-Oxley, civil penalties against publicly traded companies recovered by the SEC were disbursed to the U.S. Treasury, as the governing body lacked distribution rights of these funds back to harmed investors.). Footnotes for this article are available at the end of this page. Status of your claim If we need more information, a claims specialist may contact you. The plan, available at https://www.sec.gov/litigation/fairfundlist.htm, details which individuals and entities that purchased Wells Fargo & Company common stock on the NYSE are eligible. Wells Fargo settlement includes $2 billion for customers. What - CNBC Class Action Lawsuit List | Open & Current Cases | ClassAction.org Wells Fargo agrees to $3 billion settlement in fraudulent customer The Wells Fargo "fake accounts" scandal will soon be over at least in terms of payouts to damaged shareholders. In the Matte of Wells Fargo & Co. Wells Fargo retirement plan $32.5M class action settlement 2023 | Institutional Shareholder Services and/or its affiliates, https://www.sec.gov/litigation/fairfundlist.htm, SEC Cybersecurity Disclosure Rules: Whats Coming and Whos Reacting, SEC Seeks to Clarify Universal Proxy Card Rules, ISS ESG Foreword Podcast: The ISS ESG Fund Ratings Difference. Settlement Website: Wells Fargo Consumer Reports FCRA Settlement Website. These ten actions delivered $5.1 billion back to investors. Barclay & Co., Inc., et al. On Friday, November 13, 2020, the U.S. Securities and Exchange Commission ("SEC" or "Agency") followed up its February 2020 action against Wells Fargo & Co. ("Wells Fargo") with actions against two senior officersformer Chairman and CEO of Wells Fargo, John Stumpf, who agreed to an SEC administrative cease and . If you participated in the Wells Fargo & Company 401(k) Plan since 20. In the Order, the Commission established a Fair Fundpursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002so the civil penalties paid by the Respondent can be distributed to harmed investors (the Wells Fargo Fair Fund). Noteworthy SEC Fair Fund settlements from the past few years include: Additionally, a list of the top ten all-time SEC Fair Fund settlements are below. How to File a Claim: Class members can complete and submit an online Claim Form or obtain a physical Claim Form by visiting the Wells Fargo Fair Fund's website at. Proposed Distribution Plan Maybe about a year ago I received a Next Day Air certified mail letter from Wells Fargo asking me to contact them (but I never did) regarding a possible over payment of insurance. Wells Fargo GAP Insurance Class Action Settlement Wells Fargo is paying $142 . and Ernst & Young LLP, Craig R. Fronckiewicz, CPA, and Sarah E. Adams, CPA, Wendan Bao, Shuo Gu, LendingCar Corp., And H7 Credit, LLC. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.sec.gov/divisions/enforce/claims/wells-fargo-company.htm, COMMISSION POSTS DOCUMENTS TO APPLY FOR FUND ADMINISTRATOR POOL, COMMISSION SEEKING FUND ADMINISTRATORS FOR FUTURE SEC DISTRIBUTIONS. It was widely reported at the time that more than 1.5 million checking & savings accounts, along with 500,000 credit card accounts, were opened without authorization.