Kreek v. Wells Fargo & Co.

ORDER DISMISSING CLASS ALLEGATIONS ONLY

WILLIAM ALSUP, District Judge.

INTRODUCTION

In this proposed class action, this is a motion to dismiss claims involving defendants’ alleged violation of federal securities laws. Plaintiff investors assert that defendants Wells Fargo & Company and its affiliates violated Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934. On this motion to dismiss, defendants argue that plaintiffs’ claims are untimely under the two-year statute of limitations and that the complaint fails to properly plead a violation of Rule 10b-5. This order finds that…