Wells Fargo Reaches $35M Racial-Bias Settlement With Advisors

, The National Law Journal

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A $35.5 million settlement between Wells Fargo & Co. and a group of African-American brokers is set to go before a Chicago federal judge on Jan. 24. The plaintiffs alleged in the complaint, filed in 2013 in the U.S. District Court for the Northern District of Illinois, that Wells Fargo "substantially" underpaid African-American financial advisors in management and executive positions.

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