ISS Discusses Largest Securities-Related Class Action Settlements of 2023
Reynolds Holding
JANUARY 23, 2024
Wells Fargo Investors’ $1 billion settlement against Wells Fargo comes in the wake of years of scandal and resolves allegations that the bank concealed its inability to clean up its act. The merger was allegedly orchestrated by prominent buyout firm 3G Capital Partners with a plan to extract $1.5 billion in cost savings.
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