Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Wells Fargo & Company (“Wells Fargo” or the “Company”) (NYSE: WFC)
investors concerning the Company and its officers’ possible violations
of federal securities laws. To obtain information or aid in the
investigation, please visit the Wells Fargo investigation page on our
website at www.glancylaw.com/case/wells-fargo-company.
On July 27, 2017, Wells Fargo disclosed that it would pay approximately
$80 million in remediation to customers that may have been financially
harmed by the Company’s Collateral Protection Insurance (“CPI”)
policies. Wells Fargo stated that “customers may have been charged
premiums for CPI even if they were paying for their own vehicle
insurance, as required, and in some cases the CPI premiums may have
contributed to a default that led to their vehicle’s repossession.”
On this news, the Company’s stock price fell approximately 2.5% during
intraday trading on July 28, 2017.
If you purchased Wells Fargo securities, have information or would like
to learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to email@example.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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