Legal Teams Behind the Case
The workers are represented by:
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Elizabeth M. Binczik, Steven Andrew Smith, and Brock J. Specht of Nichols Kaster PLLP
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Gregory Y. Porter, Mark G. Boyko, and Laura Babiak of Bailey & Glasser LLP
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Nina Wasow, Daniel Feinberg, Todd Jackson, and Mary Bortscheller of Feinberg Jackson Worthman & Wasow LLP
Wells Fargo’s defense is led by Deputy General Counsel and EVP Craig Baldauf, with Russell L. Hirschhorn and Sydney L. Juliano of Proskauer Rose LLP, and Jeffrey Justman of Faegre Drinker Biddle & Reath LLP.
GreatBanc Trust Co. is represented by Roger Stetson of Barack Ferrazzano Kirschbaum & Nagelberg LLP.
A Step Toward Closure for Wells Fargo
The Wells Fargo $84M settlement marks yet another chapter in the bank’s history of high-profile legal battles over employee benefit and financial practices. While the settlement stops short of an admission of wrongdoing, it effectively closes the curtain on a case that questioned how one of America’s largest banks manages its own workers’ retirement funds — a reminder that even corporate giants are not immune from scrutiny when it comes to their fiduciary duties.
