Wells Fargo and its shareholders agreed to settle a federal class-action lawsuit alleging the bank misrepresented its diversity, equity, and inclusion hiring initiatives by holding phony job interviews.
Terms of the settlement are being negotiated and expected to be submitted for court approval by Oct. 13, according to a Sept. 15 filing in U.S. District Northern District of California
From February 2021 to June 2022, the plaintiffs claimed in the suit that diverse candidate interviews were shams and held despite the fact that another candidate was already selected for the job…