Wells Fargo & Co. Shareholder Derivative Litigation
CITY OF HOLLYWOOD FIREFIGHTERS’ PENSION SYSTEM V. WELLS FARGO & COMPANY ET AL., 4:23-CV-02445-JST (N.D. CAL.)
Lieff Cabraser serves as Additional Counsel for Plaintiff the City of Hollywood Firefighters’ Pension System in this recent shareholder derivative action alleging that certain directors of Wells Fargo breached their fiduciary duty by failing to comply with explicit regulatory requirements established by federal regulators in multiple consent orders since 2018, resulting in further consent orders from the Consumer Financial Protection Bureau and the Office of the Comptroller of Currency in September 2021 and December 2022.
