Wells Fargo Rips Investors’ Claim Diversity Goal Was ‘Kabuki’ – Law360

By Dorothy Atkins (January 31, 2024, 12:15 AM EST) — Wells Fargo urged a California federal judge on Tuesday to toss a proposed securities class action alleging the bank conducted sham interviews to meet diversity targets triggering a stock drop when the truth came to light, arguing there may have been preferred candidates, but that doesn’t mean the interviews were “kabuki.”…