Pension funds sue Wells Fargo, alleging executives breached fiduciary duties

Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Bonetti Contents Weak signal headquarters straightforward buspar Police officers’ retirement trust fund Recoup excess fees 2010 mortgage sales jumped 11 Consumer.

Wells Fargo & Co. will continue to allow retirement savers who work with its brokerage arm to pay commissions for trades, as Wall Street brokerages move ahead with plans to comply with new.

"Failure to invest in the cheapest fund available does not necessarily suggest a breach of fiduciary duty." The Wells Fargo & Company 401(k) Plan had $35.8 billion in assets as of Dec. 31.

The lawsuit, which seeks class-action status, said the value of Wells Fargo stock in the 401(k) plan dropped due to the executives’ breach of fiduciary duties. The case is Francesca Allen vs.

including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United states. attorney advertising. prior results.

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. directors in a six-week class action trial alleging breach of fiduciary duty and violations. Wells Fargo & Company, et al. (ND Cal). Class action on behalf of financial advisors whose vested deferred compensation was forfeit under pension plans when the. Represented a class of investors victimized by a Ponzi scheme.

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Wells Fargo & Co faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself. The proposed class-action lawsuit, filed on Tuesday in federal court in Minnesota, accused the third-largest

Pension funds sue Wells Fargo, alleging executives breached fiduciary duties Pension funds sue Wells Fargo, alleging executives breached fiduciary duties wells fargo cfo: Repurchase risk only applies to half its private mbs mortgage trustees seek .5b jpmorgan settlement. of law regarding fiduciary obligations in a limited liability company.

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Pension Funds investing in Africa The lawsuit, filed by employees led by John Meiners, from St. Louis, seeks to recoup excess fees and unrealized profits stemming from Wells Fargo’s alleged breach of fiduciary duties to all 401(k) participants over the last six years, the complaint said. A Wells Fargo spokesman had no immediate comment on Friday.