San Diego, CA -- (SBWIRE) -- 10/21/2022 -- An investigation was announced for long-term investors in shares of Wells Fargo & Company (NYSE: WFC) concerning potential breaches of fiduciary duties by certain directors.

Investors who are current long term investors in Wells Fargo & Company (NYSE: WFC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: WFC stocks follows a lawsuit filed against Wells Fargo & Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: WFC stocks, concerns whether certain Wells Fargo & Company directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Wells Fargo had misrepresented its commitment to diversity in the Company's workplace, that Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement, that the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; that all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Wells Fargo & Company (NYSE: WFC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.