U.S. Judge Orders Wells Fargo to Face Lawsuit Over Alleged Diversity Hiring Fraud

A U.S. judge ordered Wells Fargo (WFC) to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire.

U.S. District Judge Trina Thompson in San Francisco, who dismissed a version of the lawsuit last August, on Monday found direct and indirect evidence that the San Francisco-based bank intended to defraud shareholders about its hiring practices.

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