Wells Fargo
No Company is Too Big to Play Fair.On September 26, 2022, we filed a lawsuit on behalf of participants in Wells Fargo & Company 401(k) Plan (the “Plan”). The lawsuit alleges that the Plan’s fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by failing to act prudently or in the interest of Plan participants and beneficiaries.
Among other things, the lawsuit alleges that Defendants breached their fiduciary duties and engaged in prohibited transactions under ERISA by causing the Plan to pay more than fair market value when acquiring Wells Fargo preferred stock.
The lawsuit seeks to recover the Plan’s financial losses and other equitable relief.
Nichols Kaster has partnered with attorneys Greg Porter and Mark Boyko of Bailey & Glasser LLP and Nina Wasow, Daniel Feinberg, and Todd Jackson of Feinberg, Jackson, Worthman & Wasow LLP in representing the plaintiffs in this case.
This case is entitled Beville, et al. v. GreatBanc Trust Company, et al., Case No. 0:22-cv-02354 (D. Minn.)
-
Practice Areas
We fight for the rights of both employees and consumers nationwide. We represent people from across the country in employee rights, wage and hour issues, financial services, and civil rights & social justice claims.
Learn more -
Cases
We are experienced in handling individual and multi-plaintiff cases and have the resources to take on companies, organizations, and government agencies of all sizes. We are currently handling many cases to advance employee, consumer, and civil rights.
Learn more -
Our People
We are proud of the work we do. With a team of experienced, passionate, and talented professionals, we relentlessly work every day on advancing and protecting the rights of the people in the workplace, the marketplace, and our government institutions.
Learn More