Former Wells Fargo & Co. executives John Stumpf and Howard Atkins won’t have to defend a proposed class action alleging the bank stuffed its $35 billion 401(k) plan with expensive in-house target-date funds (Meiners v. Wells Fargo & Co., D. Minn., No. 0:16-cv-03981, 3/14/17).

A federal judge in Minnesota granted March 14 the unopposed motion to dismiss Stumpf and Atkins from the lawsuit. Stumpf, who stepped down as the bank’s chief executive officer in 2016, and Atkins, who was the its chief financial officer until he left in 2011, both ceased being members of the bank’s...