Lesley Weaver of Bleichmar Fonti & Auld LLP told the court during that August hearing that for years, the board did little to monitor the bank’s fair lending or diverse employment search requirements, calling the claims of oversight nothing more than “lip service” when “what’s happening internally is active discrimination.”
Wells Fargo and its executives are represented by Brendan Cullen, Sverker Hogberg, Christopher Viapiano, and Leonid Traps of Sullivan & Cromwell LLP.
The proposed investor class is represented by Lesley E. Weaver, Nancy A. Kulesa, and Derrick B. Farrell of Bleichmar Fonti & Auld LLP, Marlon E. Kimpson, William S. Norton, Joshua C. Littlejohn, Meredith B. Weatherby, and Vanessa A. Davis of Motley Rice LLC, Mark C. Molumphy, Tyson Redenbarger, Gia Jung of Cotchett Pitre & McCarthy LLP, and Francis A. Bottini Jr., Albert Y. Chang, and Anne B. Beste of Bottini & Bottini Inc.
The case is In Re: Wells Fargo & Co. Hiring Practices Derivative Litigation, case number 3:22-cv-05173, in the U.S. District Court for the Northern District of California.
