San Diego, CA -- (SBWIRE) -- 07/27/2020 -- The Shareholders Foundation announced that a deadline is coming up on August 3, 2020 in the lawsuit filed for certain investors of Wells Fargo & Company (NYSE: WFC).

Investors who purchased shares of Wells Fargo & Company (NYSE: WFC) have certain options and there are strict and short deadlines running. Deadline: August 3, 2020. NYSE: WFC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Wells Fargo & Company (NYSE: WFC) common shares between April 5, 2020, and May 5, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 5, 2020, and May 5, 2020, the defendants failed to disclose to investors that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the PPP, and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Wells Fargo & Company (NYSE: WFC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.