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A federal judge on Tuesday gave his final blessing to a $480 million deal to resolve claims that Wells Fargo misled investors about a costly sham accounts scandal that tarnished the bank’s reputation.
The settlement applies to those who purchased stock in the San Francisco-based bank between Feb. 26, 2014, and Sept. 20, 2016. Each investor will get about $0.35 per share after attorneys’ fees are deducted from the settlement fund.
