Wells Fargo proposes $100M derivative settlement over regulatory oversight claims

WELLS FARGO & COMPANY/MN

D&O insurers to pay $100M to Wells Fargo; no direct payments to shareholders.
Corporate governance reforms already implemented per the settlement stipulation.
Plaintiffs' counsel awarded $33.3M in Wells Fargo common stock subject to court approval.
Settlement hearing set for July 24, 2025 in San Francisco Superior Court.
Derivative action alleged failures in overseeing CFPB, OCC, FRB consent orders.

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