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Wells Fargo to pay $1B to settle shareholder lawsuit over recovery from scandals

1 year 11 months ago
Wells Fargo (NYSE: WFC) on Monday agreed to pay shareholders $1 billion to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake-accounts scandal. The bank’s shareholders alleged Wells Fargo and its past leadership misled them about how swiftly they were fixing the governance issues and risk-management systems that failed to prevent the bank from opening up perhaps millions of fake accounts. Reuters reports that the settlement figure…
Ted Andersen

Kim Gardner stepping down as circuit attorney Tuesday, weeks earlier than previously expected

1 year 11 months ago
St. Louis Circuit Attorney Kim Gardner will step down on Tuesday, Missouri Gov. Mike Parson's office confirmed. The governor's office confirmed they received an email Tuesday morning that Gardner would be leaving office later in the day. She had previously announced she would be resigning on June 1. Gardner's office confirmed her Tuesday resignation in a statement, saying that it has worked with St. Louis County Prosecuting Attorney Wesley Bell and his office "to ensure a comprehensive transition…
Sam Clancy

18 people seek governor's appointment to become St. Louis circuit attorney

1 year 11 months ago
Eighteen people applied to the governor’s office to become his appointee to the St. Louis Circuit Attorney’s Office. St. Louis Circuit Attorney Kim Gardner announced she will be resigning effective June 1 following years of criticism from victims, defendants and their families over a lack of communication, multiple delays, dismissed cases and charges never issued. In a letter shared on May 4, Gardner said she was resigning to stop a bill from advancing in the Missouri Legislature that she said…
Christine Byers

Attorney General says St. Louis prosecutor was working on nursing degree during her contempt hearing

1 year 11 months ago
St. Louis Circuit Attorney Kim Gardner was participating in clinicals for her pursuit of a nursing degree from Saint Louis University’s School of Nursing the day a judge held her and one of her former assistants in indirect criminal contempt for missing a trial and a subsequent hearing on the matter, according to recent filings by Missouri Attorney General Andrew Bailey. Gardner announced her resignation from the office effective June 1. Bailey is seeking to have her removed immediately. On April…
Christine Byers