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Wells Fargo 2018 Securities Litigation

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WELCOME TO THE WELLS FARGO 2018 SECURITIES LITIGATION WEBSITE

This website has been established to provide general information related to the
proposed settlement of the case known as Purple Mountain Tr. v. Wells Fargo &
Co., et al., Case No. 3:18-cv-03948-JD, pending before the United States
District Court for the Northern District of California (the "Court"). The
capitalized terms used on this website, and not otherwise defined, shall have
the same meanings ascribed to them in the Stipulation of Settlement (the
"Stipulation") dated February 6, 2023, which can be found and downloaded by
clicking on the Case Documents tab above. Your rights may be affected if you
purchased or acquired the common stock of Wells Fargo & Company (“Wells Fargo”)
from November 3, 2016 through August 3, 2017, inclusive (the “Class Period”).

The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class
Members. These lawyers are called Lead Counsel. You will not be charged for
these lawyers. They will be paid from the Settlement Fund to the extent th Court
approves their application for fees and expenses. If you want to be represented
by your own lawyer, you may hire one at your own expense.

WHAT IS THIS LAWSUIT ABOUT?

As more fully described in the Notice of Proposed Settlement of Class Action
(the "Notice"), Lead Plaintiff filed its Consolidated Complaint for Violation of
the Federal Securities Laws on August 31, 2018. Lead Plaintiff alleges that
during the period from November 3, 2016 through August 3, 2017, Defendants made
materially false or misleading statements in violation of §§10(b) and 20(a) of
the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, which
caused the price of Wells Fargo stock to trade at artificially inflated prices.

In the course of the Action, the Settling Parties engaged the services of the
Honorable Layn R. Phillips (Ret.), a nationally recognized mediator. The
Settling Parties engaged in settlement discussions with Judge Phillips on
multiple occasions and ultimately an agreement was reached to settle the Action
for $300 million.

WHAT DOES THE SETTLEMENT PROVIDE?

The Settlement, if approved, will result in the creation of a cash settlement
fund of $300,000,000 (the “Settlement Amount”). The Settlement Amount, plus
accrued interest (the “Settlement Fund”) and minus the costs of the Notice and
all costs associated with the administration of the Settlement, as well as any
attorneys’ fees and expenses that may be approved by the Court (the “Net
Settlement Fund”), will be distributed to eligible Class Members pursuant to the
Plan of Allocation that is described in the Notice.

ADDITIONAL INFORMATION

Although the information in this website is intended to assist you, it does not
replace the information contained in the Notice and Stipulation, both of which
can be found and downloaded by clicking on the Case Documents tab above. We
recommend that you read the Notice and other relevant case documents
carefully. You may also wish to read the answers to Frequently Asked Questions
provided on this website.


YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

DO NOTHING

Get no payment. Remain a Class Member. Give up your rights.

REMAIN A MEMBER OF THE CLASS AND SUBMIT A CLAIM FORM POSTMARKED OR SUBMITTED
ONLINE NO LATER THAN AUGUST 21, 2023

This is the only way to be potentially eligible to receive a payment. If you
wish to obtain a payment as a member of the Class, you will need to file a claim
form (the “Claim Form” or “Proof of Claim Form”), postmarked or submitted online
no later than August 21, 2023.

OBJECT TO THE SETTLEMENT SO THAT IT IS FILED OR POSTMARKED NO LATER THAN JULY
27, 2023

Write to the Court about your view on the Settlement, or why you do not think
the Settlement is fair to the Class.

If you did not exclude yourself from the Class by January 26, 2023, you may
object to the Settlement, the Plan of Allocation, or the request for attorneys’
fees and litigation expenses. You must still submit a Claim Form in order to be
potentially eligible to receive any money from the Settlement Fund.

GO TO THE HEARING ON AUGUST 17, 2023, AT 10:00 A.M., AND FILE A NOTICE OF
INTENTION TO APPEAR SO THAT IT IS FILED OR POSTMARKED NO LATER THAN JULY 27,
2023

Ask to speak in Court about the fairness of the Settlement, the proposed Plan of
Allocation, or the request for attorneys’ fees and litigation expenses.




IMPORTANT DATES AND DEADLINES

Submit Proof of Claim: August 21, 2023 File Objection: July 27, 2023 File Notice
of Intention to Appear: July 27, 2023 Settlement Hearing: August 17, 2023, at
10:00 a.m.

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