NEW ORLEANS, March 16, 2018 /PRNewswire/ -- ClaimsFiler,
a FREE shareholder information service, reminds investors that they
have until April 16, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Wells Fargo & Company (NYSE:WFC), if they
purchased the Company's securities between January 13, 2017, and July
27, 2017, inclusive (the "Class Period"). This action
is pending in the United States
District Court for the Southern District of New York.
Get Help
Wells Fargo investors should
visit us at
https://www.claimsfiler.com/cases/view-wells-fargo-amp-company-securities-litigation-1
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Wells Fargo and certain of its
executives are charged with failing to disclose material
information during the Class Period, violating federal securities
laws.
On July 27, 2017, The
New York Times reported that, based
on an internal Wells Fargo report, "[m]ore than 800,000 people who
took out car loans from Wells Fargo were charged for auto insurance
they did not need," and that "[t]he expense of the unneeded
insurance…pushed roughly 274,000 Wells Fargo customers into
delinquency and resulted in almost 25,000 wrongful vehicle
repossessions," and it estimated "that the bank owed $73 million to wronged customers."
On this news, the price of Wells Fargo's shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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