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Wells Fargo officials enter $240 million settlement over bogus accounts


Wells Fargo & Co
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Wells Fargo & Co Shareholder Derivative Litigation
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SOURCE: http://feeds.reuters.com/~r/reuters/topNews/~3/Ro8KjxBiOFw/wells-fargo-officials-enter-240-million-settlement-over-bogus-accounts-idUSKCN1QI4P3
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Summary

3 Min Read(Reuters) - Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts. Last May, Wells Fargo reached a $480 million settlement of a securities fraud lawsuit brought by shareholders over the unauthorized accounts.

As said here by Jonathan Stempel