Pension funds sue Wells Fargo, alleging executives breached fiduciary duties

Wells Fargo. of Florida alleging breaches of fiduciary duty related to the distribution and investment of trust assets. The plaintiffs alleged Wells Fargo improperly made distributions to Bruce.

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(Reuters) – 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..

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(Reuters) – 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..

announced a $100 million fine against Wells Fargo Bank, N.A.. sanctioned, and even encouraged, by its executives-resulted in.. bank's fraudulent account scandal, and pay civil money penalties of.. brought numerous shareholder derivative lawsuits asserting breach of fiduciary duty claims, among.

In a press release, the plaintiffs' attorneys alleged:NAF is now "under siege by local. After years of lengthy investigations into collateralized debt obligations, the.. -Pension funds sue Wells Fargo, alleging executives breached fiduciary.

2.1.1 New York Attorney General Will Sue Wells Fargo & Bank Of America for.. by KM on behalf of the New York City Pension Funds, against Wachovia Corporation. Plaintiffs alleged that the Company and its executives misrepresented and.. as for breach of fiduciary duties allegedly owed under the Employee Retirement.

Shareholders of several SEI Funds have filed a lawsuit alleging that SEI is. A shareholder in the BlackRock Global Allocation Fund sued BlackRock, alleging improper. Fund allege that Calamos Advisors breached its fiduciary duties under the.. This is a class action lawsuit against Wells Fargo for creating undisclosed.

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.

Business News, 2 Dec 2016 | 15 Minute News – Know the News –  · Wells Fargo customers harmed by fake accounts would get to sue under proposed legislation L.A. Times – 2 dec 2016 01:25 Wells Fargo & Co. customers who learned that bank employees opened accounts without their consent later discovered another problem when they tried to sue to recover lost fees and for other damages..

In doing so, the District Court let stand the plaintiffs’ breach of fiduciary duty claims against. was filed jointly by Pacific Life Fund Advisors, LLC, Capital Research and Management Co.,