Reported 3 months ago
A U.S. judge has ordered Wells Fargo to face a lawsuit accusing the bank of misleading shareholders regarding its diversity hiring practices by conducting sham interviews of non-white and female candidates. Despite previously dismissing a version of the suit, Judge Trina Thompson found that there is sufficient evidence to suggest intent to defraud. The claims center around a policy aimed at ensuring diversity in hiring, while former employees allege fake interviews were commonplace. Wells Fargo maintains its commitment to diversity and has stated its intention to defend against the lawsuit.
Source: YAHOO