Wells Fargo & Co
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Financials : Banks | Large Cap Blend
Company profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

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Today's volume of 193,041 shares is on pace to be much lighter than WFC's 10-day average volume of 39,326,259 shares.


Prominent Attorney Tre Lovell Files $50 Million Lawsuit Against Wells Fargo On Behalf Of Multi-Million Dollar Dougher Trust

10:34 am ET September 17, 2020 (PR Newswire) Print

Los Angeles lawyer Tre Lovell of The Lovell Firm, P.C., along with co-counsel Brandon Reif of The Reif Law Group, P.C., are seeking in excess of $50 million against Wells Fargo Advisors based on allegations of financial mismanagement, fraud and related claims pertaining to the handling of their client, the Dougher Trust's, financial affairs. The lawsuit addresses a number of instances of alleged legal and regulatory failures that even in light of Wells Fargo's problematic history appear surprising. According to Lovell, "As the detailed facts demonstrate in the complaint, we believe the actions of Wells Fargo amount to a brazen and egregious dereliction of financial duties and mismanagement to a level that is truly appalling and shocking. Legal and regulatory malfeasance are unacceptable under any circumstances, and we intend to prove our client's claims and seek complete and comprehensive redress." Co-counsel Brandon S. Reif added: "Had the defendants presented a financial plan with tax mitigation strategies, our client's wealth would have been preserved and grown." Reif added, "An investment advisor's duty to provide skilled advice applies with equal force for the wealthy client." The lawsuit was filed in the San Diego Superior Court, Case No. 37-2020-00025859-CU-FR-CTL.


Tre Lovell has been noted among the elite litigators in the nation, having been named Lawyer of the Year, Finalist, by the Los Angeles Business Journal, and further honored by The National Law Journal as one of the Top 50 Litigation Trailblazers in the country. A member of The National Trial Lawyers Top 100, Mr. Lovell has been further recognized among the top 1% of attorneys in the United States through such esteemed organizations as the American Academy of Trial Attorneys, Multi-Million Dollar Advocates Forum, Distinguished Justice Advocates, America's Top 100 High Stakes Litigators, Rue's Best Attorneys of America, National Association of Distinguished Counsel and the Trial Lawyers Board of Regents. Named among California's Superlawyers, Mr. Lovell was recently on the cover of Hollywood Weekly Magazine and profiled in Forbes and other publications. Mr. Lovell is frequently interviewed and sought for commentary by media outlets including Bloomberg Media, The Guardian, Associated Press, and has appeared on numerous television newscasts.

The Lovell Firm practice areas include: Entertainment Law, Business and Corporate Law, Intellectual Property, and Employment Law.

For further inquiries, please contact The Lovell Firm at info@lovellfirm.com or 310-275-2100, or visit www.lovellfirm.com.


View original content to download multimedia:http://www.prnewswire.com/news-releases/prominent-attorney-tre-lovell-files-50-million-lawsuit-against-wells-fargo-on-behalf-of-multi-million-dollar-dougher-trust-301132754.html

SOURCE The Lovell Firm


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