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Wells Fargo Securities Action Settlement

Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was April 14, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Wells Fargo allegedly made false and misleading statements about its diversity hiring initiative, the Diverse Search Requirement. The company failed to disclose that it was conducting widespread "fake" or sham interviews of diverse candidates under this policy. When The New York Times revealed this conduct on June 9, 2022, Wells Fargo shareholders suffered losses. Wells Fargo denies all allegations and admits no wrongdoing.

Do you qualify?

Anyone who purchased or otherwise acquired Wells Fargo & Company common stock between February 24, 2021 and June 9, 2022, inclusive, and were damaged thereby. Excluded are defendants, their families, officers, directors, and affiliates, and anyone who previously requested exclusion and did not opt back in.

Who is in the class

All persons and entities who purchased or otherwise acquired Wells Fargo & Company common stock between February 24, 2021 and June 9, 2022, inclusive, and were damaged thereby.

Quoted from the settlement notice.

How to file

Submit a Claim Form with required supporting documentation postmarked no later than April 14, 2026 (deadline has passed) by mail or online at the website. You must provide documentation to support your claim to be eligible for payment.

Common questions

How much does the Wells Fargo Securities Action Settlement pay?
The total settlement fund is $85M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
What is the claim deadline for the Wells Fargo Securities Action Settlement?
This settlement is closed to new claims — the deadline was April 14, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Do I need proof of purchase for the Wells Fargo Securities Action Settlement?
Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
Is the Wells Fargo Securities Action Settlement notice real, or a scam?
Claims are filed at wellsfargosecuritiesaction.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Wells Fargo Securities Action Settlement be sent?
Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for May 5, 2026; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

  • West Palm Beach Firefighters Pension Fund
  • SEB Investment Management AB
  • Khosrow Ardalan

Defendants

  • Carly Sanchez
  • Kleber R. Santos
  • Michael P. Santomassimo
  • Charles W. Scharf
  • Wells Fargo & Company

Counsel for plaintiffs

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

In the news

Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.

New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

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