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23andMe Taps Dechert To Review CEO Buyout Proposal

Law 360

A special committee of genetic testing company 23andMe has engaged Dechert LLP as its legal adviser and Wells Fargo as its financial adviser as it looks to review an anticipated buyout offer from its co-founder and CEO Anne Wojcicki, according to a statement Thursday.

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Wells Fargo Can't Beat Inflated Stock Option Suit

Law 360

A Minnesota federal judge on Tuesday rejected Wells Fargo & Co.'s s request to toss a proposed class action claiming the banking giant used its $40 billion employee retirement plan to buy company stock options at an inflated value to shoulder the company's 401(k) matching burden.

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Wells Fargo Decries Lawsuit Over Diversity Hiring Goals

Law 360

Wells Fargo & Co. has asked a California federal judge to toss a lawsuit alleging it deceived investors with false promises to interview diverse job candidates, saying the proposed class hasn't proved that company leadership knew about "isolated" incidents in which fake interviews were allegedly conducted.

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Wells Fargo Says Former In-House Counsel Stole Secret Info

Law 360

A Wells Fargo & Co. subsidiary on Tuesday sued a former senior in-house lawyer who jumped ship to start a competing firm, alleging he violated company policy and stole privileged information in the process.

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Supreme Court will decide government immunity issue

At the Lectern

The petitioner, a Massachusetts company, unsuccessfully moved to dismiss the cross-complaint based on a clause in the product’s sales agreement that said the buyer “agrees to submit all disputes arising out of, or relating to, this Agreement to a court in Boston.” Ledesma & Meyer Construction Co. 2018) 5 Cal.5th

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Two Sixth Amendment claims and an ERISA lawsuit

SCOTUSBlog

Wells Fargo & Co. , Dudenhoeffer , the Supreme Court held that plan fiduciaries (typically company insiders) are not entitled to any special presumption of prudence when they invest in the company’s own stock, but rather are held to the same standards as ERISA fiduciaries in general. Wells Fargo & Co. ,

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A RealReal Shareholder is Doubling Down on Stock-Drop Suit Over Allegedly Misleading Authentication Process

The Fashion Law

On the heels of a California federal court agreeing to toss out part of the federal securities action against TRR and co. in an opinion and order on March 31 (while allowing other claims to remain in place), lead plaintiff Michael Sanders was granted leave to amend his complaint to plead “more particular facts” in order to make his case. “The

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