Wells Fargo Claims Workers Lack Ability to Bring Drug Cost Suit

A group of former Wells Fargo & Co. employees cannot challenge the banking giant over prescription drug costs under its health care plan because they were never denied benefits, the company argued in Minnesota federal court.

The employees’ claims of harm are also speculative and aimed at plan design decisions rather than the alleged fiduciary failures, the company said Sept. 27 in a motion to dismiss in the US District Court for the District of Minnesota. It’s additionally unclear whether the former workers would benefit from any changes required by the court, Wells Fargo said.

The case is one of ...