Wells Fargo Faces Class Action Lawsuit from Buyers of Auction Rate Securities

Walls Fargo & Co. along with Walls Fargo Investments LLC faces a Class Action Law Suit in Federal Court at California. The suit has charged the said company of violating the Securities Law. The company has allegedly deceived the investors regarding the investment characteristics of the security. The buyers of the Auction Race Securities have filed the lawsuit against the company.

The representatives of Walls Fargo did not make any comment so far.

Source: CNNMoney.com

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