Subscribe

Wells Fargo fails to shake 401(k) suit

Wells Fargo Sign

The development likely gives the plaintiffs more leverage for a settlement, as the class-action case has moved one step closer to a trial.

A lawsuit against Wells Fargo over the use of its own investment products in the company’s $40 billion 401(k) plan this week cleared a major hurdle.

On Wednesday a federal judge denied a motion to dismiss the case, finding that the plaintiffs’ “allegations are far more than general assertio

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

What an outsider CEO could mean for Vanguard

Former iShares leader Salim Ramji will take over in July with question marks over Vanguard's ETFs, crypto strategy, customer service, and international business.

What will the end of noncompete agreements mean for advisors?

A bill in New York City, in addition to the new FTC rule, could be good news for restless advisors.

Empower keeps growing but what does it mean for advisors?

The company has grown enormously in a short amount of time, and is poised to expand more into small retirement plans and wealth management.

Should you be a finfluencer?

Social media is the new storefront. Advisors could miss reaching people looking for information, who instead get it from a bad finfluencer.

Active ETFs are on a roll

There has been an explosion in the number of products and total assets in active ETFs – and things might just be getting started.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print