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Wells Fargo beats shareholders’ fake-interview lawsuit

August 22, 2023

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Wells Fargo beat shareholders’ lawsuit accusing it of conducting fake interviews of nonwhite and female candidates, Reuters reported Monday.

In a ruling Friday, Judge Trina Thompson, of the U.S. District Court for the Northern District of California, said shareholders could not show that the bank conducted widespread sham interviews — or that such interviews took place. Further, sensible investors would not expect the bank to conduct interviews for positions that had already been filled, Thompson added.

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