Wells Fargo tells federal court why it should toss out $34M lawsuit from former CEO [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
The San Francisco-based bank, which has its largest employment hub in Charlotte, made a motion recently to dismiss the complaint filed by Sloan in December. He retired in 2019 after a massive sales scandal involved employees setting up millions of fake customer accounts to reach sales goals. Wells Fargo promised him bonuses and multiple stock awards, according to his complaint. But the banking giant claims that Sloan is not entitled to the money, according to its April 9 filing with the Superior Court of California in San Francisco County. SCAPEGOAT CLAIMS: Ex-Wells Fargo CEO sues bank for $34M Lawyers for Wells Fargo cited 14 defenses against Sloan's claims. They mentioned California labor codes, laws and denials of wrongdoing. Any alleged failure to comply with labor codes, which Wells Fargo denies, was done in good faith and with reasonable grounds with understanding that Sloan understood them, according to the bank's lawyers. Wells Fargo attorneys said that the bank “time
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WFC
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website