Legal Opinion
In re Wells Fargo Erisa 401(K) Litig.
District Court, D. Maine
Decided July 19, 2018No. Case No. 16-CV-3405 (PJS/BRT)PublishedCited by 6 opinions
1Opinion of the Court
Patrick J. Schiltz, United States District Judge *871Plaintiffs Francesca Allen, John Sterling Ross, and Mary Lou Shank are current and former employees of Wells Fargo & Company ("Wells Fargo"). All of them held Wells Fargo stock in their 401(k) accounts. In September 2016, the price of that stock dropped sharply-and plaintiffs suffered significant losses-after Wells Fargo and the United States government announced that thousands of Wells Fargo employees had engaged in grossly unethical sales practices.
Plaintiffs then brought this lawsuit under the Employee Retirement Income Security Act…
2Cases cited13 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Braden v. Wal-Mart Stores, Inc.Court of Appeals for the Eighth Circuit · 2009
- In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
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3Cited by6 opinions
- Wildman v. Am. Century Servs., LLCDistrict Court, E.D. Missouri · 2019
- Chinh Huynh v. Schwan’s Shared Services, LLC, as Plan Administrator and Sponsor of the Short-Term Disability Plan; Sedgwick Claims Management Services, LTD; and Prudential Insurance Company of AmericaDistrict Court, D. Minnesota · 2026
- Kloss v. Argent Trust Co.District Court, D. Minnesota · 2023
- Muri v. National Indemnity CompanyDistrict Court, D. Nebraska · 2019
- Orrison v. Mayo ClinicDistrict Court, D. Minnesota · 2025
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