Wells Fargo Investor Seeks Fake-Job Interviews Probe Files (1)

June 27, 2023, 7:24 PM UTC

A Florida pension fund is demanding Wells Fargo & Co. turn over files about a possible criminal probe into whether the bank violated federal law by setting up fake job interviews to meet in-house diversity guidelines.

The request in a Delaware lawsuit is tied to reports in the New York Times last year that federal prosecutors are investigating the bank over claims managers in its wealth-management division arranged job interviews for black and female candidates for already-filled positions.

Lawyers for the Pompano Beach General Employees Retirement System, which holds Wells Fargo stock, said Monday it wants the files “to ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.