Federal judge approves final settlement in Wells Fargo investment case

[JURIST] A judge for the US District Court for the District of Minnesota [official website] on Monday approved a settlement for $62.5 million between Wells Fargo & Co [corporate website] and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys fees to the plaintiffs. The final settlement follows a preliminary settlement and the US Court of Appeals for the District of Columbia Circuit’s [official website] rejection in…

Source: http://jurist.org/paperchase/2014/08/federal-judge-approves-final-settlement-in-wells-fargo-investment-case.php

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