RSHS Et Al File Shareholder Derivative Action Against Wells Fargo

RSHS, along with several other law firms, filed a shareholder derivative action against Wells Fargo’s officers and directors challenging a colossal scheme of illegal sales practices that deceived thousands of the Bank’s own customers and was the subject of regulatory proceedings brought by the Consumer Financial Protection Bureau and the U.S. Office of the Comptroller of Currency.  An article (see here) concerning the case, which is pending in San Francisco Superior Court, made the front page of today’s San Francisco Chronicle.