On Tuesday, Kessler Topaz Meltzer & Check LLP emerged victorious over two competing law firms when a federal judge in California named them the lead counsel. The firm will be at the forefront of the consolidated litigation concerning a proposed group of shareholders. The litigation alleges that Wells Fargo executives took actions that were detrimental to the company and its investors, mainly by not abiding by regulatory consent orders.
This significant legal development sees Kessler Topaz Meltzer & Check LLP take the reins in directing the legal proceedings against executives of the financial institution. The consolidated litigation signifies the combined efforts of the various parties involved to seek redress for the alleged failure of the bank’s executives to comply with regulatory consent orders.