---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-26-000011"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:07:08.866834+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo settles derivative suit re mortgage lending, hiring; to fund $100M mortgage assistance + $10M from insurer

## Summary
- Settlement resolves claims that directors breached duties over fair lending and hiring practices; no admission of liability.
- Wells Fargo will fund $100M in mortgage assistance for low- and moderate-income borrowers over 3 years after court approval.
- Director defendants' insurer pays $10M to Wells Fargo within 30 days after effective date.
- Derivative action, originally filed Sept 2022, set for trial Apr 2026; dismissed with prejudice upon final approval.
- Court to hold settlement hearing on May 5, 2026; objections due before that date.

## SEC filing metadata
- accession: 0000072971-26-000011
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297126000011/0000072971-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297126000011/wfc-20260113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-26-000011
- JSON: https://secwatch.observer/filing/0000072971-26-000011.json
- Plain text: https://secwatch.observer/filing/0000072971-26-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.