(Bloomberg) -- Wells Fargo & Co. was accused of misleading shareholders about its opening of unauthorized accounts and causing the lender's stock to plummet 9 percent when details became public this month.
The investor who sued Monday in San Francisco federal court seeks class-action status on behalf of all shareholders from Feb. 26, 2014, to Sept. 15, 2016.
The case is Hefler v. Wells Fargo & Co., 3:16-cv-05479, U.S. District Court, Northern District of California (San Francisco).
To contact the reporter on this story: Kartikay Mehrotra in San Francisco at kmehrotra2@bloomberg.net.
To contact the editors responsible for this story: Michael Hytha at mhytha@bloomberg.net, Peter Blumberg
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