The Wells Fargo shareholder derivative case has settled. The Court has scheduled a hearing for May 5, 2026, at 2:00 p.m. at the San Francisco Courthouse, Courtroom 9, 19th Floor, 450 Golden Gate Ave., San Francisco, CA 94102, at which the Court will: (a) determine whether the terms of the Settlement are fair, reasonable, and adequate, and in the best interests of Wells Fargo and Wells Fargo’s shareholders; (b) determine whether a Judgment should be entered dismissing the Action with prejudice; (c) determine whether Plaintiffs’ Lead Counsel’s application for a Fee and Expense Award and Lead Plaintiffs’ application for a Service Award should be granted; (d) hear and address any objections; and (e) consider any other matters that may properly be brought before the Court in connection with the Settlement.
The Court has approved a Notice, which is attached below along with other important documents, which Notice sets forth more details regarding the Settlement.