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Violation Tracker Individual Record

Company: Wells Fargo
Current Parent Company: Wells Fargo
Penalty: $35,000,000
Year: 2013
Date: February 19, 2013
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Wells Fargo agreed to pay $35 million to settle litigation alleging price fixing of municipal bonds.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:08cv2516 MDL 1950
Case Name: Hinds County, Mississippi v. Wachovia Bank N.A. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.